Royal Dutch Shell Plc  .com Rotating Header Image

Shell joins BP in calls against excessive oil trading regulation

Screen Shot 2015-05-19 at 09.03.12

Screen Shot 2015-03-24 at 16.05.44May 20 2015 | By: Carl Surran, SA News Editor

Shell joins BP in calls against excessive oil trading regulation

  • Royal Dutch Shell (RDS.A, RDS.B) joins BP in calling on European regulators to refrain from imposing stricter capital requirements and greater disclosure measures on oil trading.
  • Regulators would achieve undesired effects if companies and trading houses were forced to follow stricter capital requirement rules or be limited in their ability to trade derivatives, Shell VP for trading Mike Muller says, seconding recent statements from BP trading division chief Paul Reed.
  • Both BP and Shell trading divisions employ hundreds of people and trade millions of barrels of oil and refined products every day, and Shell’s trading business will become even bigger when it finalizes its acquisition of BG Group.

SOURCE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell joins BP in calls against excessive oil trading regulation”

Leave a Comment

%d bloggers like this: