Vitol and SK Settle California Fuel Probe for $50 Million

Vitol Group News

Vitol and SK Settle California Fuel Probe for $50 Million
SK Energy Americas Inc.BloombergCommodity Traders
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(Bloomberg) -- California’s attorney general said it reached a $50 million settlement with commodity traders Vitol Group and SK Energy Americas Inc. after it...

-- California’s attorney general said it reached a $50 million settlement with commodity traders Vitol Group and SK Energy Americas Inc. after it alleged the firms acted together to manipulate local gasoline markets.It’s the latest instance in which commodity traders have faced legal enforcement over market manipulation in the US. Vitol and SK Trading were alleged to have manipulated Californian gasoline markets in 2015 when a refinery in Torrance exploded.

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