Major oil companies including Royal Dutch Shell Plc and price publisher Platts were told by regulators to redact business secrets from documents obtained during antitrust raids in a sign the European Union may be moving ahead with a two-year-old probe, according to four people familiar with the investigation. The redaction request may be a precursor to the European Commission’s sending a formal complaint, or statement of objections, to some of the firms, said the people, who asked not to be named because the investigation into fuel-benchmark rigging isn’t public. Amid a climate of distrust toward global price benchmarks, EU antitrust officials turned their attention to market data for crude oil and biofuels in May 2013. The EU must share all evidence collected in a case with any company that gets a formal complaint — which is usually a precursor to antitrust fines. For more, click here. Compliance Action Next […]