S&P Global Platts' oil and gas outlook for 2017, published early January, painted a positive picture for the oil market - if you're in the onshore sector, that is. While OPEC's production cut could help further the oil price recovery, all things being equal, the one spot where capital was likely to return the fastest was the US onshore shale segment, the report and others have suggested. Offshore operators - especially in the North Sea and US Gulf of Mexico - are likely to remain more cautious and will "wait and see" how the market reacts, Platts says. But, there are a few reasons for optimism.
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