OPEC to Hold 'Informal Meeting' With US Shale Producers - Sec General

OPEC to Hold
# 12 March 2019 00:27 (UTC +04:00)

The Organization of the Petroleum Exporting Countries (OPEC) and US shale producers are holding a meeting in Houston later on Monday to discuss shale business and "compare notes," OPEC Secretary-General Mohammad Barkindo told, ONA reports quoting sputniknews.

"We are continuing our informal dialogue with our friends in the shale business tonight. It’s an informal dialogue that we initiated two years ago and we both agreed to continue it", Barkindo said on the sidelines of the CERAWeek conference in Houston, Texas.

When asked whether the sides would discuss the Venezuelan crisis during the meeting, Barkindo said they would not.

"No, it’s an informal meeting. It’s just an exchange of information to compare notes, what’s happening in the shale business and other parts of the world. We agreed that we are all in the same boat and the oil industry is the global industry. What’s happening in the shale business affects others", he noted.