OP: $180 billion and counting – what’s next for US shale M&A?
Oilprice.com‘s Tom Kool email to readers today: WTI crude is soaring back toward $80 per barrel ...
MARKETWATCH reports: “Oil futures ended higher Friday, feeding a gain for the week as U.S. sanctions on Venezuela’s state-owned oil firm raised the risk of tighter crude supplies and a recent survey showed a considerable monthly decline in OPEC production. Prices extended their gain after data released Friday showed a weekly decline in the number of active U.S. oil rigs, implying a potential slowdown in domestic production activity. The price move followed a fall in Thursday’s session, but U.S. and global benchmark futures managed to finish January with their strongest monthly percentage rise since April 2016.”
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