Commerce dismisses oil dumping allegation

08/16/1999
The U.S. Department of Commerce has rejected a landmark trade case that accused Saudi Arabia, Venezuela, Mexico, and Iraq of dumping crude oil at unfair prices in the U.S.Save Domestic Oil Inc. (SDO), a group of independent oil producers, brought the action in June, claiming that low-priced imports had forced many independents out of business (OGJ, May 17, 1999, p. 35).But many other oil companies, ranging from large to small, opposed the case and claimed that SDO represented only a small slice of the domestic industry. Venezuela and Mexico also lodged stiff protests (OGJ, July 5, 1999, p. 33; and July 19, 1999, p. 30).Last week, the Commerce Department's International Trade Administr...
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