Second oil company CEO conspired with OPEC to keep prices high, FTC charges
By The Hill | Created at 2024-09-30 17:52:21 | Updated at 2024-10-01 07:13:18
13 hours ago
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high. On Monday, the Federal Trade Commission (FTC) filed a complaint against John B. Hess, CEO of Hess Corporation, accusing him of secretly communicating with the Organization of Petroleum Exporting Countries (OPEC). Hess’s company had sought a $53 billion merger…
