Has the oil market been rigged to raise prices?

adminBusiness Electricity, Business Gas, International, Utilities Market Regulation, Wholesale Utilities Markets

BP, Shell & Statoil suspected of deliberately manipulating markets and exacerbating the recession. Three energy giants may have “colluded in reporting distorted prices to manipulate the published prices for a number of oil and biofuel products”. If these allegations are true, it could have had an impact on not just petrol. Everything is linked to the price of oil somehow … Read More