Politics and Government Politics and Government
Tue, January 7, 2025
[ 05:40 PM ] - MSN
Meta shelves fact-checking in policy reversal ahead of Trump administration
[ 05:40 PM ] - MSN
Aurora mayor blasts Denver counterpart for city's Tren de Aragua and migrant crisis
[ 05:21 PM ] - MSN
Trump Floats Canada As 51st US State, Says He's Ready To Use 'Economic Force' To Achieve It
[ 05:21 PM ] - MSN
Laken Riley Act passes US House | Family says bill in her name 'has our full support'
[ 05:20 PM ] - MSN
Dear UN Secretary-General Guterres: Your tenure has been a failure on multiple fronts
[ 05:20 PM ] - MSN
US shifts more than $100M in military aid from Israel and Egypt to Lebanon to bolster ceasefire
[ 05:20 PM ] - Richmond
Youngkin wants tax relief legacy; Dems in assembly have other ideas
[ 05:00 PM ] - CNN
Fact check: Trump makes false claims about January 6, Europe, NATO and Canada
[ 04:41 PM ] - MSN
Donald Trump refuses to rule out using military force to invade Greenland and Panama Canal
[ 04:41 PM ] - MSN
Federal prosecutors say they've uncovered 'additional criminal conduct' by NYC Mayor Adams
[ 04:40 PM ] - MSN
U.S. declares genocide in Sudan, sanctions paramilitary leader
[ 04:40 PM ] - MSN
Harris to travel to Singapore, Bahrain and Germany before leaving office
[ 04:40 PM ] - Reuters
US determines Sudan's RSF committed genocide, imposes sanctions on leader
[ 04:20 PM ] - MSN
Trump's Panama, Greenland Threats Signal Unchained Second Term
[ 04:20 PM ] - MSN
Physician governor urges Capitol Hill to block RF .. confirmation: 'Our children's lives depend on it'
[ 04:20 PM ] - MSN
Alexcia Cox, first woman and Black person to serve as Palm Beach County state attorney, sworn in
[ 04:00 PM ] - MSN
'Gulf of America'? Trump proposes bold renaming, targets Mexico and Canada
[ 04:00 PM ] - MSN
Trump won't rule out force to take Panama Canal, Greenland
[ 04:00 PM ] - MSN
Pope Appoints Progressive Cardinal As New Archbishop Of Washington
[ 03:41 PM ] - MSN
Trump fails to rule out military use to take control of Greenland, Panama Canal
[ 03:40 PM ] - MSN
Trump Won't Rule Out Military Action in Greenland, Panama in Fiery Press Conference
[ 03:40 PM ] - MSN
Nursing home advocates wanted lawmakers to override a McKee veto. Here's why that won't happen.
[ 03:40 PM ] - Vanguard
Women and Gender in Conflict and Post-Conflict Politics in Nigeria
[ 03:20 PM ] - MSN
Pope Francis' critiques of Israel's actions in Gaza are not misguided
[ 03:20 PM ] - MSN
Meta replaces fact-checking with X-style community notes
[ 03:01 PM ] - MSN
Trump: 'All hell will break out' if Hamas hostages not released by inauguration
[ 03:00 PM ] - MSN
US Judge in Florida Blocks Special Counsel's Trump Report
[ 03:00 PM ] - MSN
Facebook lifts restrictions on calling women 'property' and transgender people 'freaks'
[ 03:00 PM ] - MSN
Immigration is a higher priority for Americans than it was a year ago, an AP-NORC poll shows
[ 02:41 PM ] - MSN
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination

Oil companies pay record $5.6M settlement after FTC alleges illegal coordination


Published on 2025-01-07 14:41:41 - MSN
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  • Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between them was complete in 2021 and 2022, the federal government announced Tuesday.

Oil companies ExxonMobil, Chevron, Shell, and TotalEnergies have agreed to pay a record $5.6 million settlement following allegations by the Federal Trade Commission (FTC) of illegal coordination in the bidding process for Gulf of Mexico oil leases. The FTC claimed that these companies improperly shared information about their bidding strategies, which could have led to higher prices for consumers due to reduced competition. This settlement marks the largest civil penalty in an FTC case involving oil and gas lease sales. The companies involved did not admit to any wrongdoing but agreed to the settlement to resolve the allegations. The FTC's action aims to prevent such anti-competitive practices in future lease sales, ensuring fair competition in the oil and gas industry.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/oil-companies-pay-record-5-6m-settlement-after-ftc-alleges-illegal-coordination/ar-AA1x7Fye ]
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