Four oil traders are claiming in a lawsuit that they can prove that BP, Statoil and Shell conspired with Morgan Stanley and trading firms such as Vitol to manipulate Brent crude prices. The traders say that the three oil companies placed orders to move markets, rather than buy crude. “Platts’ methodology ‘can be easily gamed… Keep reading →
By Kiran Moodley The Organization of the Petroleum Exporting Countries (OPEC) trimmed its forecast for U.S. growth in 2013, warning that the ongoing budget impasse in Washington could damage the recovery. The group cut its forecast from GDP growth of 1.7 percent to a 1.6 percent expansion for this year. While there was a healthy… Keep reading →
Ever tried to find out who is in charge when it comes to energy policy? With literally hundreds of agencies and regulators at everything from the local level through state and regions to DC-based policy-makers and even the President, the level of complexity when it comes to understanding energy policy isn’t just frustrating, it is… Keep reading →
