The European Commission raided the offices of BP, Royal Dutch Shell and Norway’s Statoil, as well as the oil-price reporting firm Platts, which administers the Brent oil contract of several oil industry-related companies, on May 14 as part of an investigation into possible petroleum price fixing. In a statement, the Commission expressed its concern that “the companies may have colluded in reporting distorted prices to a Price Reporting Agency [Platts] to manipulate the published prices for a number of oil and biofuel products” and the companies may also “have prevented others from participating in the price assessment process, with
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