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Shell Had Lobbied against Tighter Regulation - Report

Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) last year argued against proposed European rules designed to tighten scrutiny of commodity markets, according to documents obtained by the Sunday Telegraph.Last week, European regulators conducted probes of oil companies, including Shell, BP PLC (BP, BP.LN), and Statoil ASA (STO, STL.OS), as well as Platts, a price-reporting agency. EU officials said they are looking into possible manipulation of the oil prices Platts publishes.In a presentation in September to the European Union and industry, Shell said proposals designed to reform commodity market trading would add costs and lead to higher bills for consumers, the Sunday Telegraph said.A spokeswoman at Shell declined to comment on the article.Write to London bureau at generaldesklondon@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...

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