Brent Crude Oil Genesis and Development of the World's Most Important Oil Benchmark

“The book is a fascinating read for me. I think it will also be a valuable reference for anyone who wishes to understand how Brent crude oil trading works, how the price is discovered and reported, how physical trading interacts with the futures market, and what caused the rise and fall of petroleum exchanges. It’s a good addition to the economic history of crude oil markets.” (Xiaoyi Mu, The Energy Journal, Vol. 46 (2), 2025)

Adi Imsirovic is a Senior Research Fellow at the Oxford Institute for Energy Studies (OIES) and a director of Surrey Clean Energy, an energy consultancy. He has over 35 years of experience in the energy markets, most of it as an oil trader. He is also Fulbright Scholar and was an Adjunct Research Fellow at the Kennedy School of Government, Harvard. He has previously published the book Trading and Price Discovery for Crude Oils (2021) with Palgrave Macmillan.