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 in digging new wells. Both the U.S. Energy Information Administration (EIA) and OPEC see U.S. oil production, including tight oil production, down this year compared to 2020. OPEC expects in its Monthly Oil Market Report (MOMR) for February that U.S. tight oil production would drop by 140,000 bpd year over year in 2021, from […]