Opec asks US to curb shale supply

Industry has to return to the path of sustainable growth going forward and this is not only the responsibility of the Opec

Organisation of Petroleum Exporting Countries (Opec) General Secretary Mohammed Barkindo on Tuesday urged shale oil producers in the US to support the plan to cut oil supply.

“The issue now is of restoring stability. The industry has to return to the path of sustainable growth and this is not only the responsibility of Opec, it is a shared responsibility of all producers, including the independents in the US,” Barkindo said, addressing the Cera (Cambridge Energy Research Associates) Week Energy Summit, organised by IHS Markit in Delhi.

He said that the US and Opec had agreed to find a joint solution to achieve