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US House Judiciary panel passes bill to make oil cartels illegal
Oil & Gas Journal: The US House of Representatives’ Judiciary Committee approved a fresh bill by voice vote on Feb. 7 to amend the Sherman Antitrust Act to make oil producing and exporting cartels illegal.
H.R. 948, which committee member Steve Chabot (R-Ohio) introduced on Feb. 4, reportedly gained traction following reports that the Organization of Petroleum Exporting Countries was considering formalizing its relationship with Russia and other non-OPEC producers and might discuss the matter when it meets with those countries’ representatives in Vienna on Apr. 18.
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