OSB: Who do you think is sponsoring these studies?
The following should support (at least in a small way) mid-term stability for the industry:
Platts Details Changes to North Sea Price Assessments
Pricing company Platts said Friday that it will change the way it assesses the key North Sea oil market in an attempt to preserve the market's status as the venue for pricing the majority of the world's oil.
McGraw-Hill Cos. (MHP)-owned Platts said it will introduce quality premiums for Oseberg and Ekofisk crude oil from June. The two grades feed into the Brent-Forties-Oseberg-Ekofisk, or BFOE, forward contracts that help set the price of Dated Brent.
Dated Brent in turn underpins ICE Brent, a futures contract regarded as the global oil price.
Platts Details Changes to North Sea Oil Price Assessment | Fox Business