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Page added on October 29, 2006

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Oil majors go silent as shadow of US regulator grows bigger

A crackdown by US regulators on energy trading may make some physical oil markets more unpredictable and opaque by prompting major companies to cut off communications with market media.

Chevron Corp followed ExxonMobil Corp and Royal Dutch Shell this August in curbing the exchange of information between its oil traders and the publishers and news agencies that report on crude and product markets.

gulfnews



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