City Of Baltimore: Fracking Operators, Others Conspired To Inflate Oil Prices

(August 27, 2024, 1:40 PM EDT) -- ALBUQUERQUE, N.M. — The city of Baltimore has filed a putative class action against multiple hydraulic fracturing companies in New Mexico federal court arguing that they engaged in a conspiracy to restrict the production of crude oil, along with “Wall Street investors, the Organization of the Petroleum Exporting Countries (OPEC), and certain non-OPEC member countries aligned with OPEC, called “OPEC+” in an effort to inflate the price of crude oil....