Fossil Fuels: Prices
(asked on 20th September 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 20 September 2022 to Question 45708 on Commodity Markets: Fossil Fuels, what assessment his Department has made of the impact of financial speculation on the underlying price of crude oil and natural gas in global markets.
This question was answered on 28th September 2022
The responsibility for the integrity of trading in oil and gas derivatives falls under the remit of the Financial Conduct Authority (FCA) which regulates the financial services industry in the UK, including commodity trading venues.