OPEC Splits Avocado Appetizer With Shale Adversaries in Texas
- Event held in Houston for 3rd year during CERAWeek conference
- OPEC is cutting production to prop up prices as U.S. booms
OPEC Secretary General Mohammed Barkindo in Houston on March 11.
Photographer: F. Carter Smith/BloombergThis article is for subscribers only.
OPEC’s secretary general met with senior executives from North America’s booming shale oil industry for dinner in Houston as the balance of power in global energy markets continues its swing to the U.S. from the Middle East.
The dinner Monday night included "a friendly conversation on current industry issues and the immediate prospects and challenges for all," OPEC Secretary General Mohammad Barkindo said in an interview after the meal. It marks the third consecutive year that rival producers have gathered on the sidelines of the annual CERAWeek by IHS Markit conference.