German Watchdog Finds Competition Risks in Oil Market Pricing

Germany’s oil and fuels market faces risks to competition due to the pricing mechanisms, the antirust watchdog, Bundeskartellamt, said in a report on Wednesday. Competition in the oil market of Europe’s biggest economy could be at risk, due to the current oil and fuel price assessments, Bundeskartellamt, or the Federal Cartel Office, said in its final report on the sector inquiry that was launched in 2022 amid the spiking fuel prices in the wake of the Russian invasion of Ukraine. The final report focused on supply streams, contractual…