Royal Dutch Shell: Manipulation of oil price?

In May 2013, the European Commission investigated Shell over allegations of oil price manipulation [1]. Investigators suspected that Shell had been manipulating trade in spot and futures markets since 2002 by reporting false and/or misleading oil trade information. The EC believed that several companies cooperated to manipulate oil prices in violation of European anti-trust laws. This manipulation could potentially have had a “huge impact” on oil and petrol prices.


[1] Emily Gosden (2013): “BP, Shell and Statoil investigated over suspected oil price manipulation”, The Telegraph, 14 May.