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Definition: Ethics refers to the set of moral principles or values that guide individuals or groups in determining what is right or wrong, good or bad, and acceptable or unacceptable behavior in a given context. In the energy commodities trading sector, ethics plays an important role in promoting transparency, fairness, and responsible business practices.

1. International Energy Agency (IEA) – Ethics in Energy Trading
This webpage provides an overview of ethics in the energy sector, highlighting the importance of ethical conduct in energy trading and the potential consequences of unethical behavior. It also offers insights into international initiatives and standards aimed at promoting ethical practices in the industry.
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2. Society of Petroleum Engineers (SPE) – Ethics and Professionalism
The SPE’s website provides resources and information related to ethics and professionalism in the petroleum industry. It covers a wide range of ethical challenges faced by professionals in the sector, as well as guidelines and codes of conduct that promote ethical behavior.
Link: (

Please note that these links are valid at the time of writing but may become inactive or reroute in the future.

Last Updated:21:10 11/10/23

This A.I.-generated glossary is intended to provide a convenient means to understand terminology used on this website in the context of physical commodities trading. Some terms may have alternative and/or expanded definitions that may not be relevant here and thus not included. Sources provided are for reference and not intended to be an endorsement of the broader content on that website. Suggestions, questions, or corrections can be provided in the comment box on definition pages.