One Shale Executive Correctly Called OPEC+’s Surprise Output Cut
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OPEC+’s decision to cut production this past Sunday shocked traders around the world and heightened worries of a rebound in inflation, but one Texas shale executive forecast the move — almost exactly — back in January.
At a Goldman Sachs Group Inc. conference in Miami on Jan. 5, Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield was asked about his outlook for the cartel by sell-side analyst Neil Mehta.