EU launches probe into oil 'price-fixing'

Britain's BP, Royal Dutch Shell and Norway's Statoil facing inquiry into allegations of manipulating prices.

Last Modified: 15 May 2013 20:50
Email Article
Print Article
Share article
Send Feedback

European authorities have launched investigations into at least three oil companies on suspicion of price-fixing.

Britain's BP, Royal Dutch Shell and Norway's Statoil have confirmed that they are facing an inquiry announced on Tuesday by the European Union's executive arm, the European Commission.

Certain oil companies may have tried to "manipulate the published prices for a number of oil and biofuel products", Antoine Colombani, European Commission spokesperson, said in Brussels on Wednesday.

Al Jazeera's Paul Brennan reports from London.


Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
Featured on Al Jazeera
Your chance to be an investigative journalist in Al Jazeera’s new interactive game.
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Private citizens take initiative to help 'irregular' migrants, accusing governments of excessive focus on security.
Indonesia's cassava plantations are being killed by mealybugs, and thousands of wasps have been released to stop them.
Violence in Ain al-Arab has prompted many Kurdish Syrians to flee to Turkey, but others are returning to battle ISIL.
Unelected representatives quietly iron out logistics of massive TPP and TTIP deals among US, Europe, and Asia-Pacific.
Led by students concerned for their future with 'nothing to lose', it remains to be seen who will blink first.