BP, Shell raided over alleged price fixing | News.com.au - 1 views
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cartels
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Jin Seo on 12 Jun 13formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
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market manipulation
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prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers
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price fixing
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BP, Shell and Norway's Statoil
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European Commission
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prevented others from participating in the price assessment process
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Consumers need to know that the prices they pay for their energy or petrol are fair, transparent and not being manipulated by traders
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market transparency