U.S. energy executives and top OPEC officials on Monday discussed concerns about a lack of spare oil production capacity at a private dinner on the sidelines of a Houston conference, an executive who attended said.
The event comes at a tumultuous time for global markets with the war in Ukraine disrupting global oil and gas flows while enriching both producer groups.
OPEC, in the meantime, has committed to cut members' production by 2 million bpd, setting a floor on prices. "I was a good friend of Secretary Barkindo," Pioneer's Sheffield said in an interview with Reuters on Monday. "I've not met the current Secretary, so I know nothing about how things will go."
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