Shale oil to dominate Russia-OPEC talks in June

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By Vladimir Soldatkin and Katya Golubkova MOSCOW, March 11 (Reuters) - Russia said on Wednesday it would meet OPEC in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the U.S. energy boom. The comment, from Russian Energy Minister Alexander **vak, comes as Saudi Arabia has said in recent weeks it wanted **n-OPEC producers to cooperate with the Organization of the Petroleum Exporting Countries in future because the group would **t cut output unilaterally and lose market share as a result. At the group's last meeting in **vember, OPEC kingpin Saudi Arabia persuaded fellow members to keep production unchanged. The decision pushed oil prices below $50 per barrel, from as high as $115 in June, badly hurting the revenues of poorer OPEC countries and **n-members such as Russia.

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