U.S. efforts to rein in OPEC’s influence over global oil markets are losing momentum as the Trump administration takes a wait-and-see approach to energy prices. While supporters of a bill that would open OPEC to possible U.S. antitrust action thought they’d found a cheerleader in Donald Trump, the current view within the White House is that OPEC’s clout is already waning and there’s no pressing need for action, according to an official who spoke on condition of anonymity. Unless there’s a sudden and protracted spike in prices, that isn’t likely to change. Without the White House’s endorsement, the so-called NOPEC bill faces stiff headwinds on Capitol Hill. “If there’s a fear that the administration is not going to support it, then that does act as a […]