...The unusually candid public comments by the trading arm of Total have broken the omertà of the energy physical trading industry, a close-knit community in London, Geneva, Singapore and Houston where disputes are usually settled in private....-from the Financial Times' article "Total warns over ‘inaccurate’ benchmarks"
As the scribe of the above piece, Javier Blas, wrote in a 2010 article "Geneva set to trump London in oil trading":
...The Geneva Trading and Shipping Association, the industry body, believes the Swiss city now “ties with London as Europe’s number-one oil trading hub”. But oil executives said the balance was turning in the favour of the Swiss city.
“The trend is less London and more Geneva,” said one trading house executive....
