Sunday, 26 May 2013 19:43

Reuters about the EU Featured

Reuters:"EU oil pricing probe spurs lawsuit against BP, others"

A Chicago-based commodities trading firm has filed suit against three of the world's largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week. 

Prime International Trading Ltd, which trades crude oil and other commodities, filed the proposed class-action lawsuit against BP Plc, Royal Dutch Shell Plc and Statoil on Wednesday, accusing the firms of misreporting trades in North Sea Brent, the oil benchmark which sets the price of about 70 percent of the world's crude.  

Source : reuters 


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