Is the U.S. Preparing To Punish OPEC?

In early May, the U.S. House of Representatives Committee on the Judiciary was reportedly considering a bill to pressure the  OPEC oil producers’ group to stop making output cuts by revoking the sovereign immunity that has protected OPEC+ members and their national oil companies from lawsuits over price collusion. (The committee previously passed the bill in 2018, 2019 and 2021.)


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