A bill that would pave the way for the U.S. to sue OPEC members and its allies under antitrust laws could have an unintended negative impact on America’s oil and gas industry, the American Petroleum Institute (API) said in a letter seen by Reuters. The so-called No Oil Producing and Exporting Cartels Act (NOPEC) has been an on-and-off topic for U.S. lawmakers and Administrations for nearly two decades but has never moved past discussions at committees in Congress. Now, with gasoline prices in the United States hitting their highest…
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