The Price of Everything, Series 1: Dated Brent
In the fifth episode of a brand-new podcast from General Index, we discuss the future of the Brent benchmark.
Part 1: In the first of a two-parter, we unpack the galaxy of Brent prices, explore the impact of declining North Sea oil production, and consider the latest proposals to reform the Dated Brent benchmark.
This episode of The Price of Everything is introduced by Neil Bradford and presented by David Elward. The guests were Dr. Adi Imsirovic and Saket Vemprala. It was produced by Andrew Wheeler in collaboration with Sassy Clyde of Janno Media.
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.
Saket Vemprala is a pricing director at General Index in London, where he overseas European crude oil and products benchmarks. He previously led the European oil products team at Argus Media, with primary responsibility for the Eurobob gasoline benchmark, having earlier covered Europe and Africa crude markets. He has also worked at risk consultancy Business Monitor International and oil tanker operator Navig8 Group.
If you’ve enjoyed this episode or if you have ideas and would like to be involved in future episodes of The Price of Everything, then please get in touch.
