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IPFS News Link • Legislation

NOPEC Bill Moves To The Senate Floor

• Zero Hedge

Authored by Tsvetana Paraskova via OilPrice.com,

The NOPEC bill, which would allow OPEC's members to be sued under U.S. antitrust laws, has been placed on the Senate's legislative calendar.

Due to the packed legislative schedule before the midterms, the NOPEC bill will likely only be up for discussion after the elections.

Interest in the NOPEC bill has intensified since the cartel agreed to a 2 million bpd cut to its November production quotas.

The U.S. Senate Judiciary Committee moved on Tuesday the bill that would allow the U.S. to sue OPEC for antitrust behavior and market manipulation to the Senate, Congress records show.


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