Senate Democrats Probe 18 Producers on Alleged Oil Price-Fixing
Senate Budget Committee chair launches inquiry after FTC probe purported ‘Big Oil’ executive attempted to collude with OPEC to manipulate petroleum market. A Federal Trade Commission (FTC) probe into a U.S. oil corporation executive’s alleged attempt to conspire with the Organization of Petroleum Exporting Countries (OPEC) to manipulate global petroleum markets is spurring calls for