The Price of Everything, Series 1: Dated Brent
In the first episode of a brand-new podcast from General Index, we discuss the history of oil pricing and the background to the famous Brent crude price benchmark with Dr Adi Imsirovic.
Part 2: In the second of a two-parter, we discuss how the oil trade grew outside of the USA in the years around WWI-WWII, the IOCs vs NOCs, price benchmarks in the 1970s/80s, and the factors behind the growth of ‘free’ oil markets which lay the groundwork for the Brent benchmark to emerge.
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Adi has over 30 years of experience in oil trading, having held a number of senior positions, including global head of oil at Gazprom Marketing & Trading, director of Petraco and head of its Singapore office, and the regional manager of Texaco Oil Trading for Asia. Adi is a Fulbright scholar and has a PhD in Economics and a master’s degree in Energy Economics. Currently, he is a Senior Research Fellow at the Oxford Institute for Energy Studies, and a director of Surrey Clean Energy, a consultancy.
His most recent book – Trading and Price Discovery for Crude Oils: Growth and Development of international Oil Markets – delves deep into how the international oil market became what it is today.
Adi has written extensively on Brent, including several articles via the OIES:
- CIF Brent Benchmark? (March 2021)
- Benchmarks: Brent (May 2021)
- The Future of the Brent Oil Benchmark A Radical Makeover (April 2022)
- The Brent Benchmark - Where Do We Stand? (July 2022)
Adi is currently editing his next book – ‘Brent Crude Oil: Genesis and Development of the World Most Important Oil Benchmark - In the Words of Those Who Shaped It’ – which will be published by McGraw Hill / Palgrave summer 2023.
If you’ve enjoyed this episode and want to get in touch, or if you have ideas and would like to be involved in future episodes of The Price of Everything, then please get in touch.
This episode of The Price of Everything is introduced by Neil Bradford and presented by David Elward. The guest is Dr Adi Imsirovic. It was produced by Andrew Wheeler in collaboration with Sassy Clyde of Janno Media.
