A lawsuit in a U.S. court is accusing American oil and gas producers, including Hess, Pioneer Natural Resources and Occidental Petroleum, of price-fixing by conspiring to reduce production. A total of nine companies are listed in the lawsuit filed by residents of Nevada, Hawaii and Maine, Reuters reports.
The lawsuit was filed in a federal court in Las Vegas. The lawsuit alleges that these companies have for years “collectively coordinated their production decisions, leading to production growth rates lower than…Lawsuit Accuses U.S. Shale of Cartel Behavior
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