{"id":38306,"date":"2013-05-15T06:39:01","date_gmt":"2013-05-15T10:39:01","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38306"},"modified":"2013-05-15T06:39:01","modified_gmt":"2013-05-15T10:39:01","slug":"eu-authorities-investigates-raided-oil-companies","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/15\/eu-authorities-investigates-raided-oil-companies\/","title":{"rendered":"EU Authorities Investigates Raided Oil Companies"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>European authorities investigate possible manipulation of oil prices as the oil companies get raided by the authorities. Although no names of companies undergoing the investigation were mentioned in the statement released by the EU, however, Shell, BP and Statoil claims their offices had been visited by the European authorities.<span id=\"more-1817\"><\/span><!--more--><\/p>\n<p>The statement did not identify the companies involved in the investigation, saying the inspections had taken place in two EU member states and one non-EU country.<\/p>\n<p>According to the EU\u2019s executive\u2019s statement \u201cOfficials carried out an unannounced inspection at the premises of several companies active in and providing services to the crude oil, refined oil products and biofuels sectors.\u201c<\/p>\n<p>&#8220;Even small distortions of assessed prices may have a huge impact on the prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers,&#8217;&#8221; the Commission said.<\/p>\n<p>The EU Authorities are said to carry out the investigation over possible anti-competitive\u00a0agreements related to Platt prices.<\/p>\n<p>According to a statement released by Platts \u201cThe European commission has undertaken a review at its premises in London this morning in relation to the Platts price assessment process \u201c<\/p>\n<p>Platts is the world\u2019s leading oil pricing agency that compiles prices for energy markets.<\/p>\n<p>The European commission is believed to have visited the Platts London offices on Tuesday and stated \u201cPlatts is co-operating fully with the European Commission\u2019s\u00a0 review.\u201c<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/euro\/eu-authorities-investigates-raided-oil-companies.html\">EU Authorities Investigates Raided Oil Companies<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog European authorities investigate possible manipulation of oil prices as the oil companies get raided by the authorities. Although no names of companies undergoing the investigation were mentioned in the statement released by the EU, however, Shell, BP and Statoil claims their offices had been visited by the European authorities.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38306","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38306"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}