US Shale Giants Restrain Drilling Amid High Oil Prices

The biggest U.S. shale producers are maintaining conservative drilling budgets this year, even as WTI crude prices have jumped $20 per barrel compared to last year. While smaller independents show signs of increasing activity, large shale firms like Diamondback Energy are keeping spending in check due to unprecedented global market uncertainty. This restraint in supply growth from a key producer could support higher crude oil prices, potentially impacting global inflation and Pakistan's import bill, which in turn could influence USD/PKR and gold prices.

بحوالہ / Source: oilprice.com