BP, a big trader in the North Sea Brent oil market, says it is backing Shell's (RDS.A, RDS.B)...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP, a big trader in the North Sea Brent oil market, says it is backing Shell's (RDS.A, RDS.B) move to change trading terms, making their wider adoption more likely. Other oil companies' reaction ranged from cautious support to opposition, while yet others are discussing the changes internally or planning to talk to oil price reporting agency Platts and Shell before taking a view.