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Well, the European Commission has raided the offices of BP, Shell, Statoil of Norway and the Platts price reporting agency.
Mr. Gelinas also recommended a number of changes to ensure better reporting and monitoring of energy trading and price reporting.
The authorities are focused in part on the price reporting system for oil and other petroleum products, which is dominated by a small group of companies like Platts.
Potential abuse of the price reporting system in energy trading was highlighted last year when the Guardian revealed unusual gyrations in wholesale gas trading.
Seth Freedman, the whistleblower at the centre of energy market manipulation allegations, has been sacked by his price reporting agency, ICIS Heren.
"The commission has concerns that companies may have colluded in reporting distorted prices to a price reporting agency to manipulate the published prices for a number of oil and biofuel products," an EC spokesman said.
Similar(28)
That August, for a price reported to be nearly $50 million, Hershey acquired Scharffen Berger.
The $44 billion sale price, reported by The Wall Street Journal, amounts to $29 a share.
Price reported, "I think he was quite soothed and he shook hands with me on parting".
Price reported a 92% survival rate of 562 UKAs after 16 years (Price et al. 2005).
Even as the publication continued to advocate thoughtful writing, gossip and fetishistic auction-price reporting held court under the glib umbrella of arts press.
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CEO of Professional Science Editing for Scientists @ prosciediting.com