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White House Concerned About OPEC Antitrust Bill, Psaki Says

  • Psaki says Nopec bill could have ‘unintended consequences’
  • Vote by committee paves way for full Senate consideration
The OPEC Secretariat in Vienna.

The OPEC Secretariat in Vienna.

Photographer: Akos Stiller/Bloomberg
Updated on

The White House is concerned about legislation gaining momentum that would allow the U.S. to sue the Organization of the Petroleum Exporting Countries for manipulating energy markets.

“The potential implications and unintended consequences of this legislation require further study and deliberation, particularly during this dynamic moment in the global energy markets brought about by President Putin‘s invasion of Ukraine,” White House Press Secretary Jen Psaki said Thursday. The White House has no official position yet on the bill, she said.