Alioto Law Firm

31 Mar 2022

MONSTER ANTITRUST SUIT CLAIMS BIG OIL CONSPIRED WITH RUSSIA, OPEC TO LIMIT PRODUCTION

Two dozen individual consumers filed a massive lawsuit Monday in federal court in San Francisco alleging an antitrust conspiracy two years ago by big oil companies to curtail worldwide oil production in order to boost the price of gas. The defendants include Exxon Mobile Corporation, the world’s biggest oil company, Chevron Corporation, Phillips 66 Company, Occidental Petroleum, and a number of smaller oil companies.

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