Treasury Committee press notice no.64

10 July 2008: For Immediate Release

REGULATION OF OIL MARKETS

Announcement of evidence session

The Treasury Committee will take evidence on the Regulation of Oil Markets on Tuesday 15 July 2008 at 9.45 am in the Thatcher Room, Portcullis House, as follows:

Witnesses
At 9.45 am:

• Dr Leo Drollas, Deputy Executive Director and Chief Economist, Centre for Global Energy Studies
• Professor Robert Weiner, Professor of International Business, Public Policy & Public Administration, and International Affairs, George Washington University, Washington DC
• Dr Steven Fries, Chief Economist, Shell International
• Chris Cook, Strategic Market Analyst

At 10.45 am:
• Sir Bob Reid, Chairman, ICE Futures Europe
• David Peniket, Chairman and Chief Operating Officer, ICE Futures Europe
• Dee Blake, Director of Regulation, ICE Futures Europe
• Alexander Justham, Director, Markets Division, Financial Services Authority
• Jonathan Hill, Technical Specialist for Commodities, Markets Division, Financial Services Authority

The evidence session will focus on the key factors behind the rise in oil prices, including the role of speculative activity. The session will also examine the regulation of the London oil futures market.