Glencore employees conspired to manipulate the Houston and Los Angeles 380 CST fuel oil price assessments published by S&P Global Platts between January 2011 and August 2019.
Glencore International A.G. (Glencore) and Glencore Ltd., both part of a multi-national commodity trading and mining firm headquartered in Switzerland, each pleaded guilty today and agreed to pay over $1.1 billion to resolve the government’s investigations into violations of the Foreign Corrupt Practices Act (FCPA) and a commodity price manipulation scheme.