U.S. Oil CEO Tells Biden to Focus on Local Production Instead of OPEC
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The world’s biggest oil and gas companies and many OPEC+ energy ministers are meeting in Abu Dhabi this week for the Adipec conference. It’s one of the first major in-person events for the industry since the onset of the coronavirus pandemic.
The conference, running from Nov. 15-18, is taking place in the wake of the COP26 climate talks and with energy prices soaring. Brent crude has climbed almost 60% to above $80 a barrel, while gas prices in Asia and Europe hit record highs recently.