EC raids prompt calls for fresh investigation into UK oil sector


Calls have been made for further investigations in the UK into alleged price-fixing in the oil industry, after European anti-trust regulators confirmed they had carried out raids on several firms involved in the sector. The raids, which took place on Tuesday 14 May, are reported to have involved BP, Shell, Statoil and oil pricing agency Platts. A statement from the European Commission (EC) said it had “concerns that the companies may have colluded in reporting distorted prices to a price […]