Oil prices hit post-pandemic highs in recent weeks, only to fall back amid concerns about the pace of vaccinations and renewed lockdowns in different parts of the world. But oil prices are still at levels where U.S. companies can restart drilling, according to a variety of analysts. Drilling activity does appear to be increasing, but it remains to be seen if production will follow suit. Rig count jumps: U.S. oil production remains stuck at about 11 million barrels per day (Mbd), roughly 2 Mbd below pre-pandemic levels. Across the board, shale executives have promised to exercise “restraint,” reining in previously ... (full story)