API opposes independents' dumping petition

The American Petroleum Institute is opposing a petition by some independent U.S. producers that alleges other nations have dumped oil on the U.S. market at prices below fair value.Save Domestic Oil Inc. (SDO), a coalition of independents, had asked the International Trade Commission to impose antidumping tariffs against imports from Iraq, Mexico, Venezuela, and Saudi Arabia.The Independent Petroleum Association of America joined the case as an "interested party" to give the petition standing.Last week, ITC delayed the case 20 days, setting an Aug. 9 hearing to determine whether the case has sufficient domestic support.The petition seeks antidumping duties against the targeted nations` oil...

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