US shale sector in peril
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Reuters |
Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials preparing policy responses for a drop in revenue such as issuing more debt ...
MarketWatch |
Wholesale prices in the U.S. fell 0.4% in March and dropped for the first time in 17 months, mimicking a similar report on consumer goods and services that showed inflation was muted last month.
The New York Times |
The price of oil, the lifeline of Russia’s economy and war machine, has fallen nearly 15 percent since Mr. Trump announced the tariffs on April 2, setting off fears of a global recession.
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Stocktwits on MSNEnergy Secretary Chris Wright Says Shale Industry Will ‘Survive And Thrive’ As Crude Oil Strays Below $60U.S. Energy Secretary Chris Wright thinks the shale industry will be able to tide over the recent plunge in crude oil prices. Wright made the remarks in a CNBC interview, as the U.S. West Texas Intermediate (WTI) crude futures have plummeted more than 16% since President Donald Trump’s reciprocal tariffs took effect on April 2.
U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes said in its closely followed report on Friday.
When Chris Wright, former CEO of Liberty Energy, became the US Secretary of Energy nominee, the entire energy sector cheered. Finally, someone with actual oil ... growth in Q1. Typically, US shale ...
The US slashed its forecasts for global oil demand growth and domestic crude production as US President Donald Trump’s tariff moves puts a cloud over the economic outlook.
U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - and may be nearing peak output.
President Donald Trump’s on again, off again approach to tariffs is creating uncertainty that will make oil firms hesitate on investment decisions.
Investing.com -- U.S. shale producers are now ... material supply disruptions, 2025 oil balances indeed may need to solve for a price that curtails US growth," the analysts said.