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EU: Ethanol traders bring focus back to price-fixing

By  |  October 24, 2013

Five months after EU regulators opened an investigation into the matter, ethanol traders have revived their accusations of price manipulation in the market at a forum held in London Wednesday.

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    Traders gathered at the forum held by Platts to revive their complaints, alleging that Platts’ prices of ethanol do not reflect the market, among other complaints. The company was searched by EU authorities five months ago as part of a probe into allegations of market manipulation.

    Regulators also raided Statoil, BP, Royal Dutch Shell and Argos Energies offices in part of the investigation.

    Regulators have not yet released the results of the investigation nor officially charged companies with any wrongdoing.

    Full content: Businessweek

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