John K. Defterios, Anchor and Emerging Markets Editor, CNN International speaks during the 2012 of the World Economic Forum at the congress centre in Davos, Switzerland, January 27, 2012. (Wikipedia/Michael Wuertenberg)
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There is no shortage of opinions in the oil market, with energy analysts providing a bounty of predictions about whether OPEC and non-OPEC nations will stitch a deal together by the end of the month, but it is another matter to take the pulse of the chief executives whose jobs depend on the outcome.I spoke one-on-one with two of Europe's leading energy CEOs, Total's Patrick Pouyanne of France and ENI's Claudio Descalzi of Italy, about how they view this effort by the major producers, but perhaps more importantly what actions they have been forced to take since prices plummeted to $27 a barrel back in January.Pouyanne took over the reins of Total after the untimely death of Christophe de Margerie when a snowplough hit his private jet on a runway in Moscow. He was thrusted into the job in the midst of a price collapse and quickly moved into action.The 20 producers that are exploring cuts are hoping to begin a market rebalancing that will eventually get prices to stabilize between $55-60 a barrel.
U.S. president’s uneasy alliance with OPEC
Shock and awe in Saudi Arabia
of the GCC
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