The investigation into possible oil-price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators.
Glencore Xstrata, Gunvor and Vitol Group, which aren’t under investigation,…http://alternativeenergy.com.pk/international-news/oil-fixing-probe-accelerates-as-eu-asks-traders-for-help-university-of-houstons-global-energy-management-institute/ Australia & New Zealand, Commodities, Eastern Europe, Energy, Energy Industry, energy markets, Europe, France, Germany, Italy, Law, Sustainability
Traders are standing by Platts, the company that provides benchmark prices for much of the world’s energy products, amid a European probe into market manipulation.
A total of 34 out of 55 traders, brokers and analysts surveyed by Bloomberg News yesterday, or 62 percent, said the pricing…http://alternativeenergy.com.pk/energy-finance/platts-retains-energy-trader-confidence-amid-price-fix-probe-worlds-energy-products-amid-a-european-probe-into-market-manipulation/ Canada, Commodities, Energy Industry, energy markets, Environment, Europe, Law, Middle East, Trader Survey, U.K. & Ireland, U.S., world’s energy products, Wrong Price
Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market.
Royal Dutch Shell Plc (RDSA), BP Plc (BP\LN), Statoil ASA (STL) and Platts, the…http://alternativeenergy.com.pk/oil-gas-energy/shell-targeted-with-bp-in-eu-price-fixing-probe-for-oil-energy-oil-price-data-collector-owned-by-mcgraw-hill-financial-inc-mhfi/ Canada, Commodities, Eastern Europe, Energy Industry, energy markets, Environment, Europe, Italy, Latin America, Law, Sustainability, U.K. & Ireland