The risk of a no-deal British exit from the EU increased Tuesday following the defeat of Prime Minister Theresa May’s proposed Brexit deal in parliament, boosting the potential impact on key commodities. With 17 days to go before the UK is due to leave the EU, S&P Global Platts reporters have updated their September 2018 cross-commodity surveys on the implications of a so-called hard Brexit. OIL **The UK upstream oil and gas industry is concerned about difficulties accessing talent, technology and capital. Industry group Oil & Gas UK has estimated that reversion to World Trade Organization rules could cost GBP500 million ($651 million) relating to the movement of technology and labor. **The EU consumes around 13 million b/d of oil, of which the UK accounts for around 1.6 million b/d. **The industry is also […]