Royal Dutch Shell Group .com Rotating Header Image

November 6th, 2013:

BP and Shell ‘rigged Brent oil price for a decade’, traders claim

Screen Shot 2013-05-17 at 01.06.41Oil giants BP and Royal Dutch Shell are accused by traders of manipulating the Brent crude oil price for more than a decade.  The North Sea oil benchmark is used as the basis for trades across the global commodity markets, affecting the price of thousands of consumer products from petrol to food. 

Screen Shot 2013-02-01 at 22.25.42

Emily Gosden

By : 11:15AM GMT 06 Nov 2013

BP and Royal Dutch Shell have been accused of manipulating the Brent crude oil price for more than a decade, in allegations filed in a lawsuit New York.

The North Sea oil benchmark is used as the basis for trades across the global commodity markets, affecting the price of thousands of consumer products from petrol to food.

The class action claim, brought by four traders, was lodged last month in the wake of the European Commission in May launching an investigation into alleged price rigging by the companies. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Brent Crude Traders Claim Proof Oil Companies Rigged Market

Screen Shot 2013-05-17 at 01.06.41Some of the world’s biggest oil companies including BP Plc, Statoil ASA, and Royal Dutch Shell Plc conspired with Morgan Stanley and energy traders including Vitol Group to manipulate the closely watched spot prices for Brent crude oil for more than a decade…: Four longtime traders in the global oil market claim in a lawsuit that the prices for buying and selling crude are fixed — and that they can prove it.Screen Shot 2013-09-02 at 08.24.10

By Bob Van Voris, Lananh Nguyen and Bradley Olson: November 06, 2013

In May, European Union antitrust authorities raided the offices of companies including Platts, BP and Shell based on allegations of collusion in setting prices of crude, refined products and biofuels.

Four longtime traders in the global oil market claim in a lawsuit that the prices for buying and selling crude are fixed — and that they can prove it.

Some of the world’s biggest oil companies including BP Plc, Statoil ASA, and Royal Dutch Shell Plc conspired with Morgan Stanley (MS:US) and energy traders including Vitol Group to manipulate the closely watched spot prices for Brent crude oil for more than a decade, they allege. The North Sea Brent benchmark is used to price the majority of the world’s crude and helps determine where costs are headed for fuels including gasoline and heating oil. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Desmond Kane visits London

By John Donovan

Desmond Kane of OSSL is still pursuing his campaign for Shell to cough up full payment for a van load of free booze delivered as festive gifts (bribes) to Garda officers in Ireland policing protests against the troubled Corrib Gas Project. 

Last week he was visiting the Shell Centre and Downing Street in London. Perhaps he was delivering some free booze on behalf of Shell to the plebs on duty at number 10?

Wonder whether Shell will be lavishing more free booze on the Garda this Christmas? read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Greetings Mr. John Donovan

Screen Shot 2012-12-10 at 18.46.44It’s really inspiring to see people as fearless as yourself Mr. Donovan. It made me think hard about the damage my country Nigeria is going through, as there is no one to lead the motion to sue Shell here after countless oil spills…

EXTRACTS FROM AN EMAIL RECEIVED FROM NIGERIA

Greetings Mr. John Donovan,

I stumbled on your work a while ago  and I really connected to it as its affecting our land here. I watch greed and conspiracy mess with families, societies, states and even the country in general. 

Seeing your level of research and the dedication you put into your work moved me to write you in order to share my thoughts with you and appreciate your fine work.

It’s really inspiring to see people as fearless as yourself Mr. Donovan. It made me think hard about the damage my country Nigeria is going through, as there is no one to lead the motion to sue Shell here after countless oil spills and breach of contracts between the firm and the community as regards compensations due to loss of jobs for the locals involved in farming, fishing etc. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.