19.10.2022 - 14:15 [ Reuters ]

Explainer: What is NOPEC, the U.S. bill to pressure the OPEC+ oil group?

(05.10.2022)

But several attempts to pass NOPEC over more than two decades have long worried OPEC‘s de facto leader Saudi Arabia, leading Riyadh to lobby hard every time a version of the bill has come up.

With the Senate Judiciary Committee passing the bill in May, it needs to pass the full Senate and House and be signed by the president to become law.