Royal Dutch Shell upended the oil world on Friday, unilaterally rewriting the rules of the market that sets the basis of billions of dollars of oil worldwide, risking a liquidity-sapping confrontation with other actors.

Fri Feb 8, 2013 6:59pm EST
* Shell’s rules start Monday for May and beyond cargoes
* Rules would improve liquidity in North Sea market -Shell
* Platts says will ignore Shell’s terms for now
By Alex Lawler and David Sheppard
LONDON/NEW YORK, Feb 8 (Reuters) – Royal Dutch Shell upended the oil world on Friday, unilaterally rewriting the rules of the market that sets the basis of billions of dollars of oil worldwide, risking a liquidity-sapping confrontation with other actors.
In a notice published on its website, Shell said it would alter its SUKO 90 terms in the so-called Dated Brent market starting on Monday for cargoes loading in May and thereafter in a move the oil major said would bolster liquidity in the key North Sea market. read more
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