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Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?
The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."
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Cui Nyonya Kueh : Hi where is Mr Lim? Today no class., no announcement. Everyone was waiting.
105348083 Cui Nyonya Kueh :

Himzzi : outdated update.
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104852259 Cui Nyonya Kueh : who is Mr Lim
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