ICYMI on Oil - U.S. shale industry and Saudi Arabia tell Trump they won't boost output

The Wall Street Journal is gated, but if you can access it, the story is here:U.S. Frackers and Saudi Officials Tell Trump They Won’t Drill More President says lower prices will solve many of the country’s problems but finds early resistance in the oil marketIn brief:U.S. shale industry is now focused on keeping costs down and returning cash to investors, not more drillingSaudi Arabia says it is unwilling to augment global oil supplies, say people familiar with the matter This article was written by Eamonn Sheridan at www.forexlive.com.

Feb 4, 2025 - 06:50
0
ICYMI on Oil - U.S. shale industry and Saudi Arabia tell Trump they won't boost output

The Wall Street Journal is gated, but if you can access it, the story is here:

U.S. Frackers and Saudi Officials Tell Trump They Won’t Drill More

  • President says lower prices will solve many of the country’s problems but finds early resistance in the oil market

In brief:

  • U.S. shale industry is now focused on keeping costs down and returning cash to investors, not more drilling
  • Saudi Arabia says it is unwilling to augment global oil supplies, say people familiar with the matter
This article was written by Eamonn Sheridan at www.forexlive.com.
Read More