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![MarioNawfal Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1319287761048723458.png) Mario Nawfal [@MarioNawfal](/creator/twitter/MarioNawfal) on x 2.3M followers
Created: 2025-05-06 01:20:00 UTC

🚨 🇺🇸 U.S. SHALE GIANTS SLASH SPENDING AS TRUMP BACKS OIL PRICE DROP

Two top shale producers just hit the brakes. Diamondback Energy and Coterra Energy are slashing rigs and capital as oil prices plunge to four-year lows. 

Diamondback CEO Travis Stice:

“US onshore oil production has peaked and will begin to decline this quarter.”

Trump welcomed the crash, claiming low prices pressure Russia into settling the Ukraine war:

“They want to settle. 

Ukraine wants to settle.” 

With shale struggling to stay profitable, analysts say OPEC+ may finally retake market share as the US slows drilling into 2026.

Source: Financial Times

![](https://pbs.twimg.com/media/GqOXsunWIAETGIM.jpg)

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[coterra energy](/topic/coterra-energy)
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[donald trump](/topic/donald-trump)

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