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Chuck Schumer Says ‘NOPEC’ Bill Targeting OPEC Is on the Table

  • NOPEC measure being revived after the cartel’s production cut
  • Bill will allow US to sue OPEC members for market manipulation
Storage tanks and oil processing facilities operate at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia.

Storage tanks and oil processing facilities operate at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia.

Photographer: Simon Dawson
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Legislation that would allow the US to sue OPEC nations is being considered as a possible response to the oil cartel’s production cut this week that benefited Russian President Vladimir Putin, said Senate Majority Leader Chuck Schumer on Thursday. 

“What Saudi Arabia did to help Putin continue to wage his despicable, vicious war against Ukraine will long be remembered by Americans,” Schumer said in a statement. “We are looking at all the legislative tools to best deal with this appalling and deeply cynical action” including the bill known as NOPEC.