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UPDATE 2-Australia investigating service stations for possible failure to pass on oil plunge

2015-01-15 10:56:17| Oil & Gas - Topix.net

Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on firms like Chevron Corp and its half-owned retail subsidiary Caltex Australia Ltd, Britain's BP Plc and Dutch Vitol which dominate Australia's service station industry.

Tags: service update pass oil

 

Australia investigating service stations for possible failure to pass on oil plunge

2015-01-15 05:00:59| Grocery - Topix.net

Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on firms like Chevron Corp and its half-owned retail subsidiary Caltex Australia Ltd, Britain's BP Plc and Dutch Vitol which dominate Australia's service station industry.

Tags: service australia pass oil

 
 

T. Boone Pickens Picks Up Energy Stocks Amid Oil's Plunge

2015-01-08 19:26:16| Logistics - Topix.net

Legendary energy entrepreneur T. Boone Pickens is putting his money where his mouth is. He told Fox Business Network that oil will rebound to $100 a barrel in 12 to 18 months.

Tags: energy picks stocks oils

 

Oil price plunge means layoffs for Ohio steel workers

2015-01-07 16:32:40| Steel - Topix.net

United States Steel Corp said it would temporarily idle its pipe manufacturing plant in Lorain, Ohio and lay off 614 workers, largely due to weak demand from the oil industry. "The company has suddenly lost a great deal of business because of the recent downturn in the oil industry," the notice reads.

Tags: price means oil steel

 

Biz Break: Stocks plunge as CES 2015 prepares to kick off

2015-01-06 01:57:30| Oil & Gas - Topix.net

Today: Mounting concerns about a plunge in oil prices roils Wall Street, and tech stocks get caught up in downturn even as CES brings waves of Silicon Valley tech invocation to light. Wall Street suffered its worst day in months Monday, as investors continued to be wary of plunging oil prices, and Silicon Valley technology stocks were not immune to the weakness as many showed off new advances ahead of the official kickoff for CES .

Tags: off break ces biz

 

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