Proponents of bill to allow US to sue OPEC hope third time’s the charm

Proponents of a bill that seeks to prohibit OPEC producers and its allies from coordinating production and influencing prices are hoping the third time is the charm as they seek to advance legislation that’s languished in Congress for nearly two decades.

Members of the Senate Judiciary Committee voted Thursday to approve a bill known as NOPEC, the No Oil Producing and Exporting Cartels Act, which would enable the U.S. government to sue OPEC or OPEC+ members for violating antitrust law and trying to control oil production.

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