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Posts on ‘July 12th, 2013’

BP, Shell, Statoil Face FTC Scrutiny in U.S. Oil Probe

Screen Shot 2013-05-17 at 01.06.41BP Plc, Royal Dutch Shell Plc (RDSA) and Statoil ASA (STL) are under scrutiny by the U.S. Federal Trade Commission as the agency probes whether they manipulated oil benchmarks published by Platts, according to a person familiar with the matter. The agency will probably issue civil investigative demands, which are similar to subpoenas, to oil companies, trading firms and pricing services as the investigation progresses…

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By Sara Forden – Jul 12, 2013 1:08 AM GMT+0100

BP Plc, Royal Dutch Shell Plc (RDSA) and Statoil ASA (STL) are under scrutiny by the U.S. Federal Trade Commission as the agency probes whether they manipulated oil benchmarks published by Platts, according to a person familiar with the matter.

The FTC’s early-stage investigation into oil prices mirrors a review by the European Union, which raided the offices of the three companies and Platts in May, two people familiar with the probe said last month. Platts, the energy news and data provider owned by McGraw Hill Financial Inc. (MHFI), publishes the Dated Brent benchmark that contributes to setting the price of more than half the world’s oil. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP, Shell, Statoil face FTC scrutiny in US oil probe

Screen Shot 2013-07-12 at 15.36.57First Published: Fri, Jul 12 2013: BP Plc., Royal Dutch Shell Plc and Statoil ASA are under scrutiny by the US Federal Trade Commission (FTC) as the agency probes whether they manipulated oil benchmarks published by Platts, according to a person familiar with the matter.

FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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