Arab Today, arab today bp denies charges it manipulated us gas market
Last Updated : GMT 08:47:17
Arab Today, arab today
Arab Today, arab today

BP denies charges it manipulated US gas market

Arab Today, arab today

Arab Today, arab today BP denies charges it manipulated US gas market

Washington - KUNA

U.K. oil giant, British Petroleum, on Monday said it would \"vigorously defend\" against charges by U.S. regulators that it manipulated natural gas markets and threatening up to USD 29 million in fines. According to the U.S. Federal Energy Regulatory Commission (FERC), BP manipulates the natural gas market in 2008, and ordered the firm to respond to charges that its Southeast Gas Trading office bought and sold physical gas at the Houston Ship Channel in a way design to increase the value of BP\'s financial position. \"These allegations are without merit and we stand by what we previously disclosed publicly in February 2011 - that BP natural gas traders did not engage in any market manipulation in late 2008,\" BP spokesman Geoff Morrell said in a statement. \"BP is disappointed that the FERC has brought this action and we will vigorously defend against these allegations.\" The total fines include a penalty of USD 28 million and USD 800,000 in profits, plus interest, from the alleged trading scheme. The firm paid an estimated USD 303 million to U.S. Commodities Futures Trading Commission in 2007 to settle allegations the company attempted to manipulate the propane market between 2003 and 2004.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp denies charges it manipulated us gas market Arab Today, arab today bp denies charges it manipulated us gas market

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp denies charges it manipulated us gas market Arab Today, arab today bp denies charges it manipulated us gas market

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday