Mifid II ensures all change for energy firms
There's plenty for companies to mull over in the latest European directive aimed at cleaning up the financial sector
The oil and gas industry is braced for fallout from the biggest root-and-branch reform of European financial markets in a generation—the Markets and Financial Instruments Directive, known as Mifid II, which comes into force in January. Hydrocarbons firms aren't the focus for Mifid II, but they'll feel the effects from legislation that embraces every part of Europe's financial industry. Seven years in the making, and running to 70,000 pages, this legislation is Europe's belated attempt to clean up the financial sector and prevent a repeat of the 2008 markets crash. This legislation aims to increase transparency and impose firebreaks to prevent bank collapses. The impetus to create it comes in
Also in this section
20 January 2026
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
20 January 2026
As the global energy system undergoes its most profound transformation in a century, the need for credible leadership, practical solutions and inclusive dialogue has never been greater. In 2026, the Kingdom of Saudi Arabia will stand at the centre of this conversation as host of the 25th WPC Energy Congress in Riyadh.
20 January 2026
The Kingdom of Saudi Arabia is the host of the 25th WPC Energy Congress on 26-30 April 2026. The Ministry of Energy spoke with Petroleum Economist about the key messages and opportunities for the global energy community.
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
