The European Commission said it has concerns that companies“may have colluded in reporting distorted prices to a price reporting agency tomanipulate the published prices for a number of oil and biofuel products.”
Shell
Oil companies Statoil, BP and Royal Dutch Shell are being investigated for potential manipulation of prices, after the European Commission yesterday conducted raids in the companies’ headquarters.
The European Commission said it has concerns that companies“may have colluded in reporting distorted prices to a price reporting agency tomanipulate the published prices for a number of oil and biofuel products.”
Shell