9th Circuit Upholds Ruling in Favor of Oil Companies in Antitrust Lawsuit

The oil giants were accused of colluding with then-President Donald Trump to negotiate with Russia and Saudi Arabia to end their price war in 2020.
9th Circuit Upholds Ruling in Favor of Oil Companies in Antitrust Lawsuit
Signage at an Exxon gas station in Brooklyn, New York, on Nov. 23, 2021. Andrew Kelly/Reuters
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A U.S. appeals court on Monday sided with several oil companies in a lawsuit alleging they colluded with then-President Donald Trump to negotiate with Russia and Saudi Arabia to cut oil production.

The lawsuit was filed by 24 consumers in March 2022, alleging that the oil giants colluded with the Trump administration to negotiate with Russia and Saudi Arabia to end their price war in 2020, which was triggered by the countries’ increased oil production that exceeded demand during the pandemic.

Aldgra Fredly
Aldgra Fredly
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Aldgra Fredly is a freelance writer covering U.S. and Asia Pacific news for The Epoch Times.