I discuss the major news impacting oil prices and the oilfield services industry. This month, I focus on the question of whether a wave of consolidation is about to hit the U.S. Shale oil industry and the earnings conference calls from NOV, Halliburton, and Schlumberger to see how their CEO's view the market. I also discuss the U.S. refusal to renew Iranian oil waiver sanctions and the impact it had on oil markets.​