Controversial NOPEC Bill Sparks Outrage in Oil Markets
During the past few days, the international oil sector witnessed an intense controversy after the U.S. Senate committee has passed the “No Oil Producing and Exporting Cartels” or “NOPEC” bill. This bill could expose the members of the Organization of the Petroleum Exporting Countries (OPEC) and its partners to lawsuits to intervene in the oil production volumes and thus control oil prices.
