Lawmakers Refresh 'Nopec' Bill

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A bipartisan pair of lawmakers reintroduced anti-Opec legislation that would amend US antitrust laws to allow the US Justice Department to sue government or state-owned entities for coordinating on oil prices or supply. The bill, introduced last week by US Representatives Steve Chabot (R-Ohio) and Jerry Nadler (D-New York), revives the debate in Congress over legislative efforts dubbed the No Oil Producing or Exporting Cartels Act (Nopec). The legislation is aimed at opening the door to Washington filing antitrust lawsuits against Opec states and was last in play in 2019 as US officials called on Saudi Arabia to open the taps (OD Mar.19'19).

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