Indonesia’s energy regulator head arrested over bribery claims

The head of the Indonesian energy regulator has been arrested over allegations of bribery, it has been reported. Rudi Rubiandini, the head of SKK Migas – the Special Task Force for Upstream Oil and Gas Business – and former deputy energy and mineral resources minister, was arrested at his home in South Jakarta and taken […]

US bank to pay $410m to settle power rigging probe

A US bank is to pay $410 million (£270.8m) to settle allegations it manipulated energy markets in California and the Midwest from September 2010 to November 2012. The US Federal Energy Regulatory Commission (FERC) said JPMorgan Ventures Energy Chase Corporation (JPMVEC) would pay the amount in “penalties and disgorgement” to taxpayers for allegations of market […]

32,000 call to further investigate UK oil market fixing

A national campaign group in support of keeping petrol prices down called on the Office of Fair Trading (OFT) to launch another inquiry into the scandalous oil price fixing allegations that came to light earlier this year. FairFuelUK along with MPs handed in a 32,000-name petition to the OFT yesterday calling for a full and […]