WTI Crude •10 mins	51.98	-0.38	-0.73%
Brent Crude •10 mins	54.64	-0.46	-0.83%
Natural Gas •10 mins	2.647	-0.090	-3.29%
Mars US •2 days	53.11	-1.51	-2.76%
Opec Basket •4 days	55.19	-0.62	-1.11%
Urals •26 days	42.22	+0.00	+0.00%
Louisiana Light •4 days	55.57	+0.56	+1.02%

	Louisiana Light • 4 days	55.57	+0.56	+1.02%
	Bonny Light • 3 days	54.33	-0.81	-1.47%
	Mexican Basket • 4 days	52.15	+0.24	+0.46%
	Natural Gas • 10 mins	2.647	-0.090	-3.29%
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Marine •3 days	55.42	-0.19	-0.34%
Murban •3 days	55.53	-0.35	-0.63%
Iran Heavy •3 days	50.99	-0.86	-1.66%
Basra Light •3 days	56.77	-1.07	-1.85%
Saharan Blend •3 days	54.43	-0.75	-1.36%
Bonny Light •3 days	54.33	-0.81	-1.47%

	Bonny Light • 3 days	54.33	-0.81	-1.47%
	Girassol • 3 days	55.35	-0.75	-1.34%
	Opec Basket • 4 days	55.19	-0.62	-1.11%
OPEC Members Monthly
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Canadian Crude Index •13 days	39.41	+1.59	+4.20%
Western Canadian Select •2 days	42.57	+1.06	+2.55%
Canadian Condensate •3 days	52.57	+0.66	+1.27%
Premium Synthetic •3 days	53.97	+0.66	+1.24%
Sweet Crude •2 days	48.57	+0.46	+0.96%
Peace Sour •2 days	47.32	+1.06	+2.29%

	Peace Sour • 2 days	47.32	+1.06	+2.29%
	Light Sour Blend • 2 days	49.07	+0.91	+1.89%
	Syncrude Sweet Premium • 2 days	50.67	+0.66	+1.32%
	Central Alberta • 2 days	47.32	+0.66	+1.41%
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Louisiana Light •4 days	55.57	+0.56	+1.02%
Domestic Swt. @ Cushing •3 days	48.75	-1.25	-2.50%
Giddings •3 days	42.50	-1.25	-2.86%
ANS West Coast •5 days	56.80	-0.43	-0.75%
West Texas Sour •3 days	46.31	-1.21	-2.55%
Eagle Ford •3 days	50.26	-1.21	-2.35%

	Eagle Ford • 3 days	50.26	-1.21	-2.35%
	Oklahoma Sweet • 3 days	48.75	-1.25	-2.50%
	Kansas Common • 4 days	43.75	+0.50	+1.16%
	Buena Vista • 4 days	59.46	+0.66	+1.12%
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Joao Peixe

Joao is a writer for Oilprice.com

More Info

South African Watchdog Charges Major Oil Companies with Price Fixing

By Joao Peixe - Oct 24, 2012, 4:54 PM CDT

How do those at the top stay at the top? They cheat?!?

Well that could be the case in South Africa. The country’s competition watchdog, The Competition Commission, announced today that it is charging the local units of some major international oil companies with price fixing activities.

The companies which include; Chevron, BP, Total, Shell, Sasol, and Engen, have been accused of sharing detailed company information about sales and customers from the late 1980s up to 2005 with the aim of reducing competition from other organisations.

Related Article: Oil Still Calling the Cards in Mideast

As part of the charges the Competition Commission explained that “information at this level of detail allowed the oil companies to closely track each other's sales and to align their strategies in the market, eliminating competition between themselves. This also enabled them to divide or allocate markets by deciding not to enter, or compete for, certain geographic markets or customer groupings.”

They have requested that the Competition Tribunal consider levying a fine against each company involved equivalent to 10 percent of revenue from the previous year.

By. Joao Peixe of Oilprice.com

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