OPEC/NON-OPEC

US Senate Rejects Oil Import Fee

The US Senate on 2 July voted to remove a clause requiring President Reagan to limit dependence on foreign oil through an import fee from the trade bill it is debating. An earlier bill passed by the House of Representatives on 30 April contains no such provision, and reports from Washington indicate that the Senate's action appears to rule out the possibility of any import fee being imposed this year.