Resirkulere

"We could easily see an extra 100 rigs out here in the Permian by June," said Josh Clawson of Gesco, a Midland, Texas, electrical contractor for oil drilling rigs.

As oil recovers, U.S. firms descend on the Permian Basin in West Texas In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel.

"As a result, Saudi Arabia has shouldered almost 60 percent of the output cuts so far, compared with a pledged share of just over 40 percent."

COLUMN-Saudi Arabia resumes swing producer role in oil: Kemp Saudi Arabia and its Gulf allieshave accounted for almost all the production cuts delivered byOPEC so far as the kingdom resumes its familiar role as swingproducer.