WTI Crude •2 days	35.49	+1.78	+5.28%
Brent Crude •2 days	37.84	+1.81	+5.02%
Natural Gas •2 days	1.849	+0.022	+1.20%
Mars US •2 days	36.49	+1.43	+4.08%
Opec Basket •4 days	29.03	+0.58	+2.04%
Urals •3 days	34.65	+0.75	+2.21%
Louisiana Light •4 days	34.60	-0.82	-2.32%

	Louisiana Light • 4 days	34.60	-0.82	-2.32%
	Bonny Light • 3 days	34.61	+0.74	+2.18%
	Mexican Basket • 4 days	27.37	-0.55	-1.97%
	Natural Gas • 2 days	1.849	+0.022	+1.20%
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Marine •3 days	35.23	+1.71	+5.10%
Murban •3 days	35.21	+1.99	+5.99%
Iran Heavy •3 days	31.78	+0.98	+3.18%
Basra Light •3 days	40.13	+1.71	+4.45%
Saharan Blend •3 days	35.49	+1.15	+3.35%
Bonny Light •3 days	34.61	+0.74	+2.18%

	Bonny Light • 3 days	34.61	+0.74	+2.18%
	Girassol • 3 days	35.23	+0.78	+2.26%
	Opec Basket • 4 days	29.03	+0.58	+2.04%
OPEC Members Monthly
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Canadian Crude Index •2 days	27.03	+1.89	+7.52%
Western Canadian Select •2 days	30.21	+0.90	+3.07%
Canadian Condensate •2 days	32.71	+0.90	+2.83%
Premium Synthetic •2 days	34.11	+0.90	+2.71%
Sweet Crude •2 days	33.71	+0.90	+2.74%
Peace Sour •2 days	28.71	+0.90	+3.24%

	Peace Sour • 2 days	28.71	+0.90	+3.24%
	Light Sour Blend • 2 days	29.21	+0.90	+3.18%
	Syncrude Sweet Premium • 2 days	33.71	+0.90	+2.74%
	Central Alberta • 2 days	28.71	+0.90	+3.24%
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Louisiana Light •4 days	34.60	-0.82	-2.32%
Domestic Swt. @ Cushing •3 days	32.00	+1.75	+5.79%
Giddings •3 days	25.75	+1.75	+7.29%
ANS West Coast •5 days	35.46	-1.61	-4.34%
West Texas Sour •3 days	29.44	+1.78	+6.44%
Eagle Ford •3 days	33.39	+1.78	+5.63%

	Eagle Ford • 3 days	33.39	+1.78	+5.63%
	Oklahoma Sweet • 3 days	32.00	+1.75	+5.79%
	Kansas Common • 4 days	23.00	-1.00	-4.17%
	Buena Vista • 4 days	36.39	-0.90	-2.41%
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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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