Energy Daily

Oil Near $100 Tests Restraint of US Shale Producers

While boosting output has become practically taboo, there are early signs the sector’s activity is ticking higher.
An oil pumpjack in Midland, Texas.Photographer: Kaylee Greenlee/Bloomberg
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Welcome to our guide to the commodities driving the global economy. Today, reporter David Wethe looks at the prospect that US oil production may keep growing in 2027.

As crude flirts with prices of $100 a barrel or more on the back of the war in Iran, could the US oil sector ride to the rescue of consumers?