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Participants attend the International Energy Forum in 2016. Photo: RYAD KRAMDI / AFP / Getty Images

HOUSTON -- A dinner meeting last night between OPEC officials and U.S. shale oil producers was congenial and informative, the CEO of top U.S. oil producer told Axios on the sidelines of a big energy conference here Tuesday.

Why it matters: American oil companies have become influential players in the global market over the last several years, testing the historical dominance of OPEC, the Organization of Petroleum Exporting Countries comprised of mainly Middle East nations. The sheer existence of the dinner indicates the seriousness that OPEC is taking U.S. producers. The dinner occurred for the first time last year at the same conference, called CERAWeek by IHS Markit.

What they said: “We had a really good conversation about what really matters today in the oil business and what’s going to be the effect of shale in the future,” said Timothy Dove, CEO of Pioneer Natural Resources, one of the largest U.S.-based oil producers. “The basic messaging is we’re all in the same boat, and we’re all going to be needed to fuel this demand.”

One level deeper: The meetings between competitors underscore the delicate efforts of the cartel to create strategic advantages without sending prices into another collapse, per Axios’ Ben Geman. As private companies that aren’t government-owned, American oil companies can’t coordinate on prices, and the meeting was not officially about that.

Where they left it: “The OPEC guys had a lot of good information about long-term demand patterns,” Dove continued. “They’re pretty bullish on demand growth.”

Go deeper

Updated 44 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong to put tens of thousands on lockdown as cases surge.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

Trump impeachment trial to start week of Feb. 8, Schumer says

Senate Majority Leader Chuck Schumer. Photo: The Washington Post via Getty

The Senate will begin former President Trump's impeachment trial the week of Feb. 8, Majority Leader Chuck Schumer announced Friday on the Senate floor.

The state of play: Schumer announced the schedule after reaching an agreement with Republicans. The House will transmit the article of impeachment against the former president late Monday.

2 hours ago - Health

CDC extends interval between COVID vaccine doses for exceptional cases

Photo: Joseph Prezioso/AFP via Getty

Patients can space out the two doses of the coronavirus vaccine by up to six weeks if it’s "not feasible" to follow the shorter recommended window, according to updated guidance from the Centers for Disease and Control and Prevention.

Driving the news: With the prospect of vaccine shortages and a low likelihood that supply will expand before April, the latest changes could provide a path to vaccinate more Americans — a top priority for President Biden.

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