Mercuria Says Rival Fears Made Baltic Keep Disputed Tanker Rate

Mercuria Energy Group said the Baltic Exchange continues to publish the world's benchmark oil tanker rate despite distortions caused by the Iran conflict because the exchange feared losing business to a competitor. The Baltic Exchange publishes daily tanker rates used to price oil shipments globally. Mercuria did not provide evidence for its assertion about the exchange's motivations.

• Bloomberg — Mercuria Says Rival Fears Made Baltic Keep Disputed Tanker Rate

Next story