US House committee to consider bill on pressuring OPEC oil group – Reuters
- Date: 11-May-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
US House committee to consider bill on pressuring OPEC oil group – Reuters
WASHINGTON, May 10 (Reuters) - The House Judiciary Committee was set to consider a bill on Wednesday to pressure the OPEC oil production group to stop making output cuts that can result in higher fuel prices for U.S. drivers.
The committee was expected to vote on the so-called No Oil Producing and Exporting Cartels, or NOPEC, bill, which would change U.S. antitrust law to revoke the sovereign immunity that has protected OPEC+ members and their national oil companies from lawsuits over price collusion. OPEC+'s members include Saudi Arabia and Russia.
In March, a group of bipartisan senators introduced a similar bill in the Senate.
Select Sector 
Select Country 
