Stock Groups

OPEC meet with U.S. shale executives at U.S. energy conference as oil prices skyrocket -Breaking

by Mike Robinson

[ad_1]

2/2
© Reuters. FILEPHOTO: John Hess (chief executive officer, Hess Corporation) speaks during the CERAWeek annual energy conference held in Houston, Texas on March 5, 2018. REUTERS/Maria Caspani

2/2

Marcy de Luna and Liz Hampton

HOUSTON (Reuters). OPEC officials met Monday with senior executives of top U.S. shale oil firms at a high-ranking U.S. energy conference. The meeting was held as prices for energy rose because of supply issues.

As buyers shunned the cargoes of No. 1 oil exporter Russia, crude oil hit an all-time high of $139 per barrel on Monday. 2 oil exporter Russia. Earlier, Mohammad Barkindo (OPEC Secretary General) stated at the CERAWeek Energy conference that OPEC couldn’t offset a Russian ban.

EQT Corp (NYSE : Toby Rice, Chief Executive Hess Corp A witness at Reuters claims that John Hess, CEO of (NYSE:), attended the dinner in The Grove near the CERAWeek conference venue. This was at most the fourth meeting between OPEC representatives and U.S. shale oil producer officials.

Barkindo’s spokesperson did not respond to our request for comment. The spokesperson for Hess who was with its CEO did not respond to a request.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of the potential risks and financial costs involved in trading the financial market. It is one the most dangerous investment types.

[ad_2]