France Asks Eu to Investigate Oil Refining Sector for Possible Abuses

Capital.fr

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Faced with the rapid rise in pump prices, Minister Roland Lescure called on the European Commission to examine the margins of refineries, in a tense context marked by the war in the Middle East and its impact on supplies.

Globo

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The objective is to combat market abuse by companies, by increasing the prices of oil produced by the war in the Middle East

Le Parisien

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Roland Lescure wants to ensure that there is "no abuse" of profits from hydrocarbon production facilities in a context of booming pump prices.

Lietuvos Radijas ir Televizija

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France has asked the European Commission to investigate Europe's oil refining sector to make sure companies are not abusing the market as oil prices rise, French Finance Minister Roland Lescure said on Friday, Reuters reported.

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The Minister of the Economy informed that a control of the margins of the distributors had not detected any abuse. According to information from the Financial Times, Total would have earned a billion dollars by buying in March almost all the exportable oil shipments without going through the Strait of Ormuz

Le Figaro

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In the face of rising fuel prices linked to the war in the Middle East, the Minister of Economy announced that he had seized the European Commission to verify that no abuses were committed by refineries in Europe.