US judge accuses BP of gas market rigging
‘BP is facing millions of dollars in fines after an American judge has ruled the British oil major manipulated US gas markets in the aftermath of a hurricane in 2008.
Federal Energy Regulatory Commission (FERC) judge Carmen Cintron says BP artificially dumped gas prices at a Houston hub in 2008 to make a profit.
“The evidence in this case shows that the Texas team had hundreds of affirmative acts in furtherance of the manipulative scheme during the investigative period,” Bloomberg quotes her as saying.’
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