VOL. XLV

No 32

12-August-2002

OPEC

US Court Overturns OPEC Antitrust Ruling OnTechnicality

A federal court in Alabama on 2August overturned, on a technicality, an antitrust ruling against OPEC in Aprillast year which found the organization guilty of conspiring to manipulate crudeoil prices (MEES, 9 April 2001). In thelatest ruling, the judge said that because of the headquarters agreementbetween the Austrian Government and OPEC, under which the latter maintains itspresence in Vienna, the...