OPEC’s subtle message that the US should join its production cut pledge with other non-OPEC nations – in the interest of global market stability – is unlikely to get an affirmative response. Before the U.S. Energy Information Administration said this week that growth in U.S. crude production could risk the market rebalancing , OPEC Secretary General Mohammad Barkindo had hinted at the idea. In December, Barkindo was at the Center on Global Energy at Columbia University in New York, where he touted the new-found spirit of communion between OPEC nations and several non-OPEC (NOPEC) producers to self-impose production quotas . And more cooperation is necessary, he said. “The experience of 2016 has shown us that the importance of cooperation and dialogue between all oil industry stakeholders has never been greater. We believe that our future will increasingly be one of energy interdependence. We do not live in a world […]