The fight for market share challenges production control efforts from oil producers amid the global crude glut, according to a former BP executive.
"People's objectives are very different and very difficult to reconcile," John Browne, L1 Energy executive chairman, told CNBC in a recent interview. "Production is high; people are scrambling, I think, to maintain the markets that they have and to gain markets from other people.
Browne's comments come as oil producing countries are meeting later this month in efforts to curb excess production in the oil markets. He said, however, that he will be surprised if the OPEC/non-OPEC meeting mid- April proves to be pivotal for global oil production.