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Price fixing

BP and Royal Dutch Shell raided

BP and Royal Dutch Shell saw their offices raided today as the European Commission launched an investigation into oil price fixing. The Commission said it is concerned there has been collusion aimed at manipulating the prices of not only oil, but also petrol and biofuels.

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 A bogus market?

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By This Is Money Reporter

PUBLISHED: 16:58, 14 May 2013 | UPDATED: 17:17, 14 May 2013

BP and Royal Dutch Shell saw their offices raided today as the European Commission launched an investigation into oil price fixing.

Norway’s Statoil and price reporting agency Platts have also admitted to working with the authorities in their inquiries.

The Commission said it is concerned there has been collusion aimed at manipulating the prices of not only oil, but also petrol and biofuels.

It added that the anti-competitive co-operation may also have prevented others from taking part in the assessment of market prices. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Chevron, BP Price-Fixing Case Referred to South Africa Tribunal

By Paul Burkhardt on October 24, 2012

South Africa’s Competition Commission has recommended the maximum penalty in a price-fixing case spanning decades that involves six companies including Chevron Corp. (CVX), Royal Dutch Shell Plc (RDSA) and Total SA. (FP)

The regulator, which has referred the matter to the Competition Tribunal for adjudication, wants the companies to be fined 10 percent of their revenues in the preceding financial year, it said in a statement today.

The investigation “revealed collusive conduct through extensive exchanges of commercially sensitive information by the respondent oil companies,” which also include Engen (ENGN) Ltd., Sasol Ltd. (SOL), BP SA and the South African Petroleum Industry Association, or Sapia, the Pretoria-based commission said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell apologises for illegal cartel meetings in Brussels probe

From Our October 2004 Shell News Archive

Financial Times: Shell apologises for bitumen meetings in Brussels probe

Royal Dutch/Shell said it regretted attending meetings with roadbuilders and bitumen suppliers. The apology came as it responded to charges from the European Commission of possible price-fixing in the Dutch bitumen market.”: Rein Willems, chairman of Shell in the Netherlands, said: “We are concerned about this matter. We should not have been in these meetings and we regret our involvement in this case.”

By James Boxell

Published: October 22 2004

Royal Dutch/Shell said it regretted attending meetings with roadbuilders and bitumen suppliers. The apology came as it responded to charges from the European Commission of possible price-fixing in the Dutch bitumen market.

Rein Willems, chairman of Shell in the Netherlands, said: “We are concerned about this matter. We should not have been in these meetings and we regret our involvement in this case.”

The Anglo-Dutch energy group, which is seeking to restore its reputation after overbooking 23 per cent of its oil reserves, said it had received a “statement of objections” from the Commission, along with 13 other bitumen market participants. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Selection of links

LINKS TO ARTICLES THAT MAY BE OF INTEREST TO OUR VISITORS: SUPPLIED BY A REGULAR CONTRIBUTOR

I noticed some debate in your blog about ‘price fixing’, with the Royal Dutch Shell loyalists claiming it was all the fault of ‘big government’. Right. If you believe that then you will believe that pigs can fly. Here are some articles relating to ‘price fixing’ by ‘big oil’.  Price fixing by Big Oil ??? Say it is not so !!! It is all due to Evil Bureaucrats in Big Government meddling in free markets.

Judge approves class action lawsuit against alleged gas cartel in … read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell in another price fixing cartel?

German Cartel Office Sees Oligopoly In German Gasoline Market

FRANKFURT -(Dow Jones)- December 6, 2010: Germany’s Federal Cartel Office said Monday it sticks to its assessment that the country’s gasoline market is dominated by a few companies, and said mergers and takeovers in the gas stations sector will only be allowed under strict conditions.

“The Federal Cartel Office still thinks that the vertically integrated oil companies Royal Dutch Shell PLC (RSDA), BP PLC (BP), ExxonMobil Corp. (XOM), ConocoPhillips (COP) and Total SA (TOT) for a [market] dominant oligopoly on regional filling station markets,” the antitrust authority said in an emailed statement. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Chevron and Shell facing hefty fines for price fixing in South Africa

BusinessWeek Logo

The Associated Press  June 21, 2010, 1:57PM ET

SAfrican watchdog fines oil firms on price-fixing

JOHANNESBURG

South Africa’s anti-competition watchdog says that a number of international oil giants, including Chevron and Shell, are facing hefty fines for price collusion, a punishable offense in South Africa.

South Africa’s Competition Tribunal, which investigates companies’ competition conduct, said Monday that between 2000 and 2009 oil companies Chevron, Shell, Engen, Total, Masana, Sasol and Tosas colluded in fixing their products’ prices. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

GREECE FINES BP, SHELL $80M FOR PRICE-FIXING

ATHENS - Greece's state competition watchdog has fined British energy giant BP and Anglo-Dutch counterpart Royal Dutch Shell the equivalent of almost $80 million Cdn for price-fixing, the body said Tuesday.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell fined $25.19 million for price fixing

Greece's Competition Commission says it has fined the local units of oil giants BP PLC and Royal Dutch Shell PLC a total of nearly euro50 million ($64 million) for allegedly cooperating on pricing practices.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Record fine over cigarette price fixes

Experts said it was too soon to tell how the settlements would affect the six other companies still involved in the case – Imperial Tobacco, Tesco, Wm Morrison,Safeway, Royal Dutch Shell and Co-operative Group

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

OFT fines six firms £173m for tobacco plot

Investigation of the Co-op, Imperial Tobacco, Morrisons, Safeway, Shell and Tesco is continuing.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

OFT’s hefty fines for tobacco price fixing

The OFT - which expects to close its case early next year - said the investigation into Co-Op, Imperial Tobacco, Morrisons, Safeway, Shell and Tesco was continuing.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Price fixing allegations against Shell which has a track record of participation in illegal cartels

Other accused firms are fighting the allegations. These are Imperial Tobacco, which owns the Embassy, John Player and Golden Virginia brands, Tesco, Morrisons, Safeway (now taken over by Morrisons), the Co-op and Shell, for its petrol station stores. If they are found guilty of collusion they face serious penalties under the Competition Act.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

ConocoPhillips reveals it has been subpoenaed in CFTC oil price fixing probe: What about Shell, the leader in illegal cartels?

NEW YORK (Reuters) - ConocoPhillips said on Monday it was subpoenaed last December by the Commodity Futures Trading Commission as part of the agency's six-month investigation into manipulation of the oil market.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Texaco-Shell Case Headed to Supreme Court

Convenience Store News: Texaco-Shell Case Headed to Supreme Court

“…an appeals court ruling that said a Texaco-Shell joint venture was guilty of price fixing”

Tuesday 4 October 2005

WASHINGTON — As the Supreme Court opens up its new session, two major oil companies will be heading to Washington. The Supreme Court will hear the antitrust case, Texaco and Shell Oil v. Dagher, in which the Federal Trade Commission and Department of Justice’s antitrust division are asking the high court to overturn an appeals court ruling that said a Texaco-Shell joint venture was guilty of price fixing, according to CNN/Money .

A federal district court in California originally threw out the case against the oil companies, saying that the venture, called Equilon, is one entity allowed to charge one price, according to CNN/Money . But the ruling was overturned by the 9th Circuit Court of Appeals in San Francisco in June 2004. Texaco and Shell, two of the nation’s biggest oil companies, appealed to the Supreme Court. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Minneapolis Star Tribune: Court to consider gasoline price-fixing case

Minneapolis Star Tribune: Court to consider gasoline price-fixing case

Associated Press

June 27, 2005

WASHINGTON — The Supreme Court said Monday it would consider whether to dismiss a lawsuit accusing ChevronTexaco Corp. and Shell Oil Co. of improperly inflating gas prices in the late 1990s.

Justices will review a lower court ruling that allowed the class-action lawsuit by 23,000 gas station owners to proceed. The lawsuit accuses Shell and Texaco of setting up two joint ventures in 1998 to illegally fix gas prices.

The San Francisco-based 9th U.S. Circuit of Appeals ruled the suit should go to trial because of evidence suggesting the venture unfairly restrained trade. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News Wednesday, 23 February 2005

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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