'The NOPEC Law Would Be A Major Blow To Critical OPEC-US Cooperation'- Analyst | WHAT REALLY HAPPENED


'The NOPEC Law Would Be A Major Blow To Critical OPEC-US Cooperation'- Analyst

Saudi Arabia has allegedly planned to switch its oil trade from using the US dollar if Washington passes the NOPEC Bill. The accord would extend American anti-trust laws to foreign entities such as OPEC.

Sputnik has discussed this with Dr Cyril Widdershoven, a veteran global energy market expert who holds several advisory positions with international think tanks in the Middle East and energy sectors in the Netherlands, the United Kingdom, and the United States.

Sputnik: Washington is threatening to pass a bill exposing OPEC members to US anti-trust lawsuits — NOPEC. It has never made it into law, but there is a chance that President Trump could back it. What implications could the law have for the US if passed and what consequences could this have on the shale segment of the market?

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