Price-Fixing Probe Targets Midwest Oil Buyers
A federal grand jury in Oklahoma City has subpoenaed records of about a dozen major oil purchasers operating in Kansas, Oklahoma, and the Texas Panhandle. The inquiry, led by the Justice Department antitrust division, aims to probe alleged price fixing among refiners and crude buyers in three states. Wichita Eagle Beacon reported the investigation, and Justice officials cautioned they cannot identify targets or details.
MENTIONED IN THIS ARTICLE
Wichita, Kan
Oklahoma City
Kansas
Oklahoma
Texas Panhandle
U.S. Justice Department Antitrust
Koch Oil Co
Koch Industries
Wichita
Kan
Clear Creek Inc
National Cooperative Refinery Association
McPherson
Inland Crude
Slawson Companies
Texaco Inc
Phillips Petroleum Co
Bartlesville
Justice Department
Don Cordes
Federal Grand Jury
Eagle Beacon
Texas
Organization of Petroleum Exporting
Cordes
OPEC
Bill Wohlford
Iraq Attacks Three Tankers In Hormuz Long Range Raid
Iraqi warplanes bombed three supertankers near Larak island in the Strait of Hormuz. The Seawise Giant, White Rose, and World Petrobras suffered extensive damage with unknown casualties, marking a second strike on the giant. Shipping executives and Lloyd's unit reported the attack, while Baghdad claimed the raid destroyed floating oil storage targets.
MENTIONED IN THIS ARTICLE
Manama
Bahrain
Iran
Larak Island
Strait of Hormuz
Lloyd’s Shipping Intelligence Unit
Seawise
Petrobras
Sarak
Also Mentioned on This Page
Midwest
James Weiss
Office of Energy, Agriculture and Transportation
Antitrust
Wichita Eagle Beacon
Iraq
Iraqi High Command
Baghdad Radio
Persian Gulf
Hormuz
City of
Ottawa
Willis Nursery
Peoples National Bank
FDIC
FSLIC
Anchor Savings Association
Lawrence