Recent times have identified oil as a major risk to global growth if Middle East events were to get out of hand, pushing oil prices substantially higher and eroding real consumer incomes, a replay of 2011 (when prices rose $30 during the Arab Spring and Libyan Interlude) but only much bigger (fears of $30 to $100 spikes).
Seeing that the global oil demand/supply balance is in any case very tight today, the slightest disturbances can intensify the upside drift in oil ...
Note that the regulations of the Companies Act 2008, (effective 1 May 2011) state that a company must calculate its “Public Interest Score” (not sure if the acronym of PIS is going to go down well), at the end of every Financial Year.
The PIS will determine if the company will be subject to an external audit or an independent review.
We have added a new page to our website for Publications. You can currently download a summary, аѕ provided bу thе Dti, οf thе Consumer Protection Act – CPA fοr short – thаt came іntο effect οn 1 April 2011. As well as the Companies Act.