OPEC Said to Break Bread With Shale in Rare Show of Detente
- Head of producer group said to dine with shale chiefs
- Sides said to agree that oil market balance is favorable
Could U.S. Oil Production Derail OPEC Deal?
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For the last two years, they’ve been locked in a battle for supremacy of the oil market. But for a couple of hours in Houston over dinner on Sunday, the head of OPEC and leaders of some of America’s top shale producers shared a table for a rare off-the-record chat about the future of oil.
Mohammed Barkindo, secretary-general of the Organization of Petroleum Exporting Countries, dined with 20 or so U.S. shale executives including Scott Sheffield of Pioneer Natural Resources Co., John Hess of Hess Corp., Robert Lawler of Chesapeake Energy Corp. and Tim Leach of Concho Resources Inc., according to people who attended the event and asked not to be named because it was private.