© Reuters. FILE PHOTO: John Hess, chief executive officer of Hess Corporation, speaks at the annual CERAWeek energy conference in Houston, Texas, U.S., March 5, 2018. REUTERS/Maria Caspani
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By Liz Hampton and Marcy de Luna
HOUSTON (Reuters) – Officials from the Organization of the Petroleum Exporting Countries (OPEC) on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy conference as energy prices soared over supply concerns.
Oil hit a 14-year high of $139 a barrel earlier on Monday as worries grew over supply shortages as buyers shunned cargoes from No. 2 oil exporter Russia. Earlier, OPEC Secretary General Mohammad Barkindo said at the CERAWeek energy conference that OPEC could not offset a ban on Russian oil exports.
EQT Corp (NYSE:). Chief Executive Toby Rice and Hess Corp (NYSE:) CEO John Hess attended the dinner held at The Grove restaurant adjacent to the CERAWeek conference site, according to a Reuters witness. It was at least the fourth time that U.S. shale oil producers and OPEC officials broke bread to discuss energy concerns.
A spokesperson for Barkindo did not reply to a request for comment. A Hess spokesperson who accompanied its CEO declined to comment.
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by : Reuters
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