The U.S. shale oil sector hits ‘tipping point’ and is now beginning to decline amid tariffs, weak oil prices

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"We’re a little over 100 days into this new administration and, Good Lord.' There’s been a tremendous amount of volatility introduced".

Steel tariffs have increased downhole well costs by more than 10% and contribute to the declining activity levels, Stice said.“We’re a little over 100 days into this new administration and, ‘Good Lord.

A record-breaking, but maturing U.S.oil industry has “peaked” and already begun its decline as it struggles under the weight of tariffs and lower oil prices, the CEO of the Permian Basin’s top pure-play producer said.

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Article Details

Author / Journalist: Jordan Blum

Category: EconomyBusiness

Markets: United States

Topics: Crude oil Environment Fracking Earnings Tariffs Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 18:00:25 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1097 words

Reading Time: 7 minutes read

Sentences: 5 lines

Sentence Length: 220 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28444711

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Official Website: fortune.com

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