U.S. Shale’s Struggles Will Be Help OPEC Stabilize Oil Prices ...Middle East

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U.S. Shale’s Struggles Will Be Help OPEC Stabilize Oil Prices
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OPEC and its allies could find managing supply to the oil market easier this year, as U.S. shale producers are still not rushing to accelerate output at $60 oil, OPEC sources tell Reuters. Even before the Texas Freeze last week, which is estimated to have reduced U.S. production by as much as 4 million barrels per day (bpd), American shale drillers were not boosting production as most of the large firms continue to vow capital discipline and a measured increase in drilling activity, with an eye of returning more capital to investors, rather than…

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