BP calls on EU to exempt oil trading from capital regulation

April 21, 2015 4:41 PM

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LAUSANNE, Switzerland, April 21 (Reuters) - BP called on Tuesday on European regulators to refrain from imposing stricter capital requirement and greater disclosure measures on oil trading, saying they could ultimately hit consumers.

The head of BP's trading division, one of the most active and biggest among oil majors, Paul Reed, told the FT Commodities Summit some markets could be exposed to severe stresses if companies and trading houses were forced to disclose too much.

Also read: Belgium urged to break EU-Canada trade deadlock by Monday

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