‘NOPEC’ Bill Could Be Back on US Agenda After OPEC+ Oil Cut

Long-standing legislation that would allow the US to take the dramatic step of suing OPEC nations may have gotten a boost from the decision by the group and its allies to cut oil production.

The “No Oil Producing and Exporting Cartels Act,” also known as NOPEC, would enable the US government to sue members of the Organization of Petroleum Exporting Countries for manipulating the energy market, potentially seeking billions of dollars in reparations.

The White House in May said it had concerns about “potential implications and unintended consequences” of the bill. But following the OPEC+ agreement Wednesday to reduce production ...