A PYMNTS Company

EU: Platts slams Commission’s oil probe

By  |  June 11, 2013

Oil price publisher Platts, which was one of the companies raided by investigators as part of the European Commission’s ongoing probe into the oil market, has slammed the current investigation as one in need of more transparency. According to reports, Platts’ director of market reporting has called for the Commission to clarify its objectives of the investigation. The director, Jorge Montepeque, stressed the need for “as much transparency in government action as wen need transparency in the actions by the industry.” The remarks were made in Kuala Lampur. The Commission is currently also investigating BP Plc, Royal Dutch Shell Plc, and Statoil ASA following allegations and suspicions of price-fixing and collusion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.