Commodities
Rystad Cuts US Shale Oil Growth View on Tariffs, Lower Prices
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Oil industry consultant Rystad Energy has slashed its estimate for US onshore crude growth by more than half for this year, amid lower commodity prices and higher costs brought on by President Donald Trump’s global trade war.
Expansion of oil production in the lower 48 US states is expected to be less than 150,000 barrels a day, as measured from the end of last year to the end of 2025, Rystad said Monday in a report. That’s down from a previous growth estimate of about 300,000 barrels a day. The consultant expects oil output in the region next year to decline based on current prices.