Upside for Oil Prices Remains Limited Despite U.S.-China Trade Deal ...Middle East

Oil prices rallied aggressively on the news of a U.S.-China trade deal, with fears of a total economic collapse fading. Despite that development, abundant supply means the upside for prices remains limited.- A string of deals targeting large-cap electricity generation companies across the US has put this year’s to date power sector M&A tally to $51 billion, on track for a new all-time high.- Up until now, the highest number of US generation mergers and acquisitions took place immediately after COVID-19 hit, when a total of $55.7 billion…

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