VOL. XLVII
No 01
5-January-2004
OPEC
US Appeals Court Upholds Rejection Of OPEC Antitrust Case
The federal appeals court in Atlanta, Georgia on 19 December upheld the rejection of the antitrust suit against OPEC by gasoline station operator Prewitt Enterprises of Birmingham, Alabama, on behalf of others (MEES, 25 August 2003). The lawsuit accused OPEC and other producing countries (Mexico, Russia, Norway and Oman) of having restrained production in order to raise prices. In August 2002, a federal...
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