Tag: OPEC
German Economist Sues OPEC Over Antitrust Violations
A German economist has filed a lawsuit against OPEC with a Berlin court, accusing the cartel of pushing up the prices of the gasoline...
US Administration Considers Antitrust Action Against OPEC
The White House said it will work with Congress to potentially enable antitrust action against Opec after the producers' alliance slashed its crude production...
US Senate Committee Passes Antitrust Bill Allowing Suits Against OPEC
A US Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for...
Trade Group Speaks Out Against Bill Allowing Antitrust Suits Against OPEC
A bill that would pave the way for the US to sue OPEC members and its allies under antitrust laws could have an unintended...
Trump Says US Will Cut Oil Production To Secure Global Deal
President Trump said Friday, April 10, the US would reduce its oil production to move forward with a tentative deal limiting global output, part...
Trump Says OPEC Has Not Asked For A US Oil Production...
President Donald Trump said on Monday, April 5, that OPEC had not pressed him to ask US oil producers to reduce their output to...
Saudi Arabia Says Its Not In Talks With Russia On New...
Saudi Arabia stated on Friday, March 27, it was not in talks with Russia to balance oil markets despite rising pressure from Washington to...
Saudi Arabia: Gov denies it threatened to strip the US dollar...
Saudi Arabia on Monday, April 8, denied a report that the kingdom is threatening to sell its oil in currencies other than the US...
Saudi Arabia: Gov ready to leave petrodollar to stop NOPEC bill
Saudi Arabia is reportedly threatening to sell its oil in other currencies if the US passes a bill permitting antitrust lawsuits to be filed...
US: OPEC Secretary says OPEC does not fix prices
According to a report from Reuters, OPEC Secretary-General Mohammad Barkindo said the exporting group was “not in the business of manipulating or fixing (oil)...