Vitol, SK Energy accused of price-fixing
( May 13, 2020, 20:43 GMT | Official Statement) -- MLex Summary: Counsel for Asante Cleveland filed claims against Vitol and SK Energy Americas accusing them of restraining competition in the spot market for gasoline formulated for use in California and in certain gasoline blending components. The complaint claims that the companies took advantage of a disruption in refining capacity due to a refinery exploding to artificially inflate the price of gas traded on wholesale spot markets in California and to increase the price of alkylates, whose prices are tied directly to the wholesale price of gas.See document below. ...
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