An inspection is carried out at Statoil’s (STO) headquarters in Norway as part of a probe by...

|About: Statoil ASA (STO)|By:, SA News Editor

An inspection is carried out at Statoil’s (STO) headquarters in Norway as part of a probe by European investigators into suspected anti-competitive practices. The suspected violations are related to the Platts' Market-On-Close price assessment process, used to report prices for crude oil, refined oil products and biofuels, and may have been ongoing since 2002.