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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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MadGuineaPig : bullish on transport. ify on production. least till April may?
SpyderCall OP MadGuineaPig : sounds good to me. Just loke today, shipping companies have already had a very strong couple of months. This trend could very well continue.
Nicco330 : this is awful
SpyderCall OP Nicco330 : indeed, it is awful... War is never pretty![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Johnny Mnemonic MadGuineaPig : what transport companies should I be watching?
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