Post Tagged with: "NOPEC"

Saudi Arabia Threatens To Ditch Dollar Oil Trades To Stop ‘NOPEC’ – Reuters

Saudi Arabia Threatens To Ditch Dollar Oil Trades To Stop ‘NOPEC’ – Reuters

From Reuters

Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.

They said the option …

April 5, 2019 - 4:32 pm Closing Bell Story‎, Crude Oil News, Energy News
OPEC: Too Close to Call - Oil & Gas 360

In Private Talks, OPEC Warns Wall Street on NOPEC

From Bloomberg

OPEC is sending a clear message to Wall Street banks and big investors: if Washington passes legislation that would allow the U.S. government to sue the cartel, the first victim will be shale.

Suhail Mohammed Al Mazrouei, the …

March 12, 2019 - 4:50 pm Closing Bell Story‎, OPEC
NOPEC Could Cause Oil Spikes: U.S. Energy Secretary

NOPEC Could Cause Oil Spikes: U.S. Energy Secretary

From Reuters

The U.S. energy secretary said on Thursday the United States needs to be cautious about legislation allowing the Trump administration to sue OPEC and other oil producers over supply cuts because it could have the unintended consequence of …

March 1, 2019 - 10:42 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
House Judiciary Committee Passes NOPEC, but Will Full House Vote?

House Judiciary Committee Passes NOPEC, but Will Full House Vote?

From Reuters

WASHINGTON (Reuters) – A U.S. House of Representatives committee approved a bill on Thursday that would open up the Organization of the Petroleum Exporting Countries to antitrust lawsuits, but it was uncertain if the measure would be considered …

February 12, 2019 - 7:46 am Closing Bell Story‎, Commodity Pricing, OPEC
Bills that Would Allow U.S. to Go After OPEC for Price Fixing are Now Moving Forward in Both Houses

Bills that Would Allow U.S. to Go After OPEC for Price Fixing are Now Moving Forward in Both Houses

Senate Takes Up NOPEC: a bill to amend the Sherman Act to make oil-producing and exporting cartels illegal may have positive reception from Pres. Trump; previous attempts to pass the bill died under veto threat by Bush, Obama

Senate Judiciary …

Congress Resuscitates NOPEC Bill which Would Allow the U.S. Govt. to Sue OPEC Members for Collusion

Congress Resuscitates NOPEC Bill which Would Allow the U.S. Govt. to Sue OPEC Members for Collusion

Current federal law provides that foreign governments cannot be sued for failing to comply with U.S. federal antitrust laws; NOPEC seeks to change that

The No Oil Producing and Exporting Cartels Act (“NOPEC”) is quietly making its way through the …

June 28, 2018 - 4:56 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles, OPEC