Statoil snatches Shell's status as decider of the oil price

Platts will now include Norway's Troll in the dated Brent reference oil, prompting the equilibrium to shift and thus triggering a new dominating player behind the pricing of the North Sea oil.

Photo: Photo Øyvind Hagen - Statoil

Beginning next year, production from the Norwegian Troll field will be included in S&P Global Platts' calculation of the price for European reference oil, Brent, writes the financial analyst in a statement.

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