“OPEC needs to fulfil its duty – none of us wants $80 to $100 oil” – Scott Sheffield
OPEC’s meetings this week are mostly dominated by the heads of member countries’ national oil companies, but at least two top officers from American shale companies are also in attendance.

In the run-up to OPEC’s meeting in late 2016, when cutting production was on everyone’s minds, U.S. shale CEOs were all for the idea. OPEC reducing its output would allow global markets to rebalance, and perhaps give U.S. shale companies enough breathing room to increase...


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