Shale Driller Diamondback Trims Output, Says US Oil Has Peaked

Shale Driller Diamondback Trims Output, Says US Oil Has Peaked


Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, is trimming its crude production guidance amid sinking oil prices brought on by President Donald Trump’s trade war and looming OPEC supply increases.

Author: Bloomberg News


Published at: 2025-05-05 21:46:58

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