Oil price plunge puts US shale production in peril

Quick Summary:

The oil sell-off in recent days has been dramatic — and comes alongside huge turmoil in global equity markets triggered by Trump’s decision to launch a global trade war.

Then, the US benchmark briefly traded below zero as the Covid-19 pandemic crushed global demand — sending the shale industry into a deep freeze and causing thousands of job losses as scores of companies filed for bankruptcy.

The turmoil has also sparked a sell-off in the shares of shale producers, which face higher costs of production than conventional oil drilling.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jamie Smyth

Category: MarketsFinanceInvesting

Markets: United StatesChinaSaudi Arabia

Topics: Demand Energy Producers Production Global Prices Industry Price Trade Trump’s Shale

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 04:00:58 (5 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1050 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 27768330

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions