However, it is essential to create a legislative framework in order to reduce market abuse and insider trading. In order to limit uncertainties and thereby the attraction to engage in damaging speculations on the oil market the European Commission should work towards improving the accessibility of information concerning actually existing oil reserves and deposits worldwide.<br />
The AK welcomes the inclusion of the topic concerning the financialisation of the raw material markets into the EU Raw Materials Strategy and the considerations in respect of transparency, tightening the reporting obligation as well as introducing position limits. In order to achieve more transparency in this sector, the AK demands a ban on so-called OTC transactions (Over The Counter) and supports the mandatory trade through stock exchanges.
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