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ISTANBUL, June 27: Opec President Mohammed al-Hamli warned US lawmakers on Wednesday they were taking a “really dangerous step” in seeking legislation to sue the oil group. The US Senate last week approved a plan that would enable the federal government to take legal action against Opec for price manipulation.
However, the White House has threatened to veto the measure.
“It's a really dangerous step. We are in the process of fighting that,” Hamli said at an oil conference. He said Opec had successfully fought against two prior attempts by Washington against the group, saying decisions taken by the group were non-binding.—Reuters
