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Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
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*Risk appetite bigger than at top Wall Street banks. LONDON, May 22- Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
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BP PLC rose$. 27 or. 6 percent, to $43.83. ConocoPhillips fell$. 28 or. 4 percent, to $63.38. Exxon Mobil Corp. rose$. 02 or percent, to $92.82.
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Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
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*Risk appetite bigger at top Wall Street banks. LONDON, May 22- Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
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BP PLC rose$. 16 or. 4 percent, to $43.56. ConocoPhillips rose$. 28 or. 4 percent, to $64.31. Exxon Mobil Corp. rose$. 28 or. 3 percent, to $92.80.
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BP PLC rose$. 30 or. 7 percent, to $43.70. ConocoPhillips rose$. 55 or. 9 percent, to $64.58. Exxon Mobil Corp. rose$. 62 or. 7 percent, to $93.14.
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LONDON, May 21- The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading price-setting agency Platts.
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BP PLC fell$. 10 or. 2 percent, to $43.30. ConocoPhillips rose$. 17 or. 3 percent, to $64.20. Exxon Mobil Corp. rose$. 43 or. 5 percent, to $92.95.
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The European Commission investigation into the possible manipulation of energy price benchmarks has widened, with Brussels seeking new information from trading houses, the FT reports.
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BP PLC rose$. 44 or 1.0 percent, to $43.40. ConocoPhillips rose$. 72 or 1.1 percent, to $64.03. Exxon Mobil Corp. rose$. 76 or. 8 percent, to $92.52.
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As of this year, the U.S. Commodity Futures Trading Commission subjects companies trading more than $8 billion in swaps to tough oversight unless they do so to hedge price swings in their day-to-day business.
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The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.
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BP PLC rose$. 47 or 1.1 percent, to $43.43. ConocoPhillips rose$. 92 or 1.5 percent, to $64.23. Exxon Mobil Corp. rose$. 77 or. 8 percent, to $92.53.
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LONDON, May 20- European investigators have asked top trading houses Glencore, Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are under investigation, industry sources said on Monday.
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BP PLC rose$. 23 or. 5 percent, to $43.19. ConocoPhillips rose$. 59 or. 9 percent, to $63.90. Exxon Mobil Corp. rose$. 40 or. 4 percent, to $92.16.
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May 18- Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in U.S. history. Texas joins four other states that have sued BP and other companies in connection to the spill: Florida and Mississippi filed complaints last month, while Alabama and Louisiana did in 2010..
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*Freeport first project approved since 2011.
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BP PLC rose$. 21 or. 5 percent, to $42.96. ConocoPhillips rose$. 88 or 1.4 percent, to $63.31. Exxon Mobil Corp. rose $1.06 or 1.2 percent, to $91.76.
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LONDON/ WASHINGTON, May 17- A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.
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HOUSTON, May 17- Independent western U.S. refiner Tesoro Corp said on Friday that it has signed a side letter agreement with California Attorney General Kamala Harris on its planned $2.4- billion purchase of BP Plc's Los Angeles- area refinery and other assets.