Non-OPEC crude production will begin to decline at oil prices at $60 per barrel and lower, Patrick Pouyanne, the chief executive of supermajor TotalEnergies, said on Tuesday. “There is a point at $60 per barrel where we’ll see the shale industry beginning to slow down,” Pouyanne said on the sidelines of the Energy Intelligence Forum in London, as carried by Reuters. “Our view is that from mid-2026 non-OPEC supply will be much lower, no growth, and then OPEC will be regaining control of the market,” TotalEnergies’…
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