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The US Federal Trade Commission is investigating whether executives at major oil companies including Hess, Occidental Petroleum and Diamondback Energy improperly communicated with OPEC officials. https://t.co/eoACHAywHt
U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports https://t.co/ks8r5OTSg7 https://t.co/Ven4EEUnzN
$HES $DO - FTC Eyes Oil Executives’ Texts for Signs of Collusion With OPEC https://t.co/Vd4krL3zGy
The US Federal Trade Commission (FTC) is investigating whether executives at major oil companies, including Hess, Occidental Petroleum, and Diamondback Energy, improperly communicated with officials from the Organization of the Petroleum Exporting Countries (OPEC). The probe aims to determine if there were any improper pricing discussions or signs of collusion. Investigators are examining executives’ messages and other communications for evidence.