US judge lets shale oil antitrust case proceed vs major producers
A federal judge rejected attempts by Diamondback Energy (FANG), Occidental Petroleum (OXY) and other U.S. oil producers to dismiss shale oil antitrust lawsuits alleging output-curbing conspiracy.
By Mike ScarcellaDiamondback Energy NASDAQ:FANG, Occidental Petroleum NYSE:OXY and several other U.S. oil producers failed to persuade a federal judge to dismiss a series of lawsuits alleging they conspired to curb output, leading to higher prices for crude oil and related products such as gasoline…