BP Spikes Prices

Number 18968
Subject Oil
Source Oregonian (Portland, Ore.)
State OR
Year 2001
Publication Date January 7, 8, 10, 12, March 11
Summary The story covers the alleged manipulation of West Coast crude oil prices by BP, based on 4,000 pages of evidence released from the antitrust case concerning the merger between BP and Amoco. By practicing exports to Far East at a lower net prices, using a computer software to determine the maximum possible accepted price for the crude oil delivered to rafineries and charging differenciated prices for the same product, the scheme contributed to the reason why West Coast motorists pay about 20 cents more/gallon than the national average. Four follow up stories are also included.
Category Contest Entry
Pages 12
Keywords Amoco;BP;West Coast;Alaska;pipeline;antitrust;merger;motorist;crude oil;rafinery;FTC
Related Links
Related Video
Contest Questionnaires Only members can download contest entry questionnaires! Log in to get access.
Ordering info Want to place an order? Email us or call us at 573-882-3364 (Stories are only available to members of IRE. For membership information, please refer to our membership page)