OPEC-Shale Dinner Serves Small Talk on Oil, Not Much Else
- ‘We have compared notes,’ OPEC secretary general says
- Second time OPEC and shale producers have met for dinner
Barkindo Says He Welcomes U.S. Shale Production
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OPEC officials and U.S. shale producers met for second consecutive year for dinner and “compared notes” after a difficult period of low oil prices -- with few signs the two sides are growing more fond of each other.
The meeting, on the sidelines of the annual CERAWeek by IHS Markit conference in Houston, comes as U.S. shale production booms, complicating efforts by the Organization of Petroleum Exporting Countries to rebalance the oil market.