The U.S. Senate Judiciary Committee is expected on vote later on Thursday on a bill that would allow the U.S. to sue OPEC for antitrust behavior and market manipulation, and chances appear high that the bill could get committee approval. The so-called No Oil Producing and Exporting Cartels Act (NOPEC) has been an on-and-off topic for U.
S. lawmakers and Administrations for nearly two decades but has never moved past discussions at committees in Congress. Forms of antitrust legislation aimed at OPEC were discussed at various times under Presidents…Shell Sees Highest Profits Since 2008
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