“There are those who continue to think we would adjust the agreement…. I say they need to wait until Friday, December 29, 2023, to demonstrate to them our commitment to the current agreement.”price caps
Last week, US senators from both political parties reintroduced the so-called No Oil Producing and Exporting Cartels, or NOPEC, bill. If passed, it would change US antitrust law to revoke the sovereign immunity that has protected members of the OPEC+ alliance and their national oil companies from lawsuits over price collusion.“The NOPEC bill does not recognize the importance of holding spare capacity and the consequences of not holding spare capacity on market stability,” he said.
Source: Energy Industry News (energyindustrynews.net)
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