Lower Oil Prices Threaten Permian Basin Growth ...Middle East

OILPRICE - Economy
Lower Oil Prices Threaten Permian Basin Growth
source : OILPRICE ( Middle East ) () 48
West Texas Intermediate (WTI) crude prices dipped into the low $60 per barrel range following President Donald Trump’s sweeping tariffs announced on 2 April. While the subsequent 9 April move to pause the new levies at 10% for most countries for the next 90 days helped WTI prices recoup some losses, the market remains extremely volatile. This price level is well above the fundamental upstream breakevens for most US shale players, especially those in the Permian. However, Rystad Energy finds that additional corporate items, including higher…

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