U.S. drillers, which propelled the country to become the world’s top oil producer, are now signaling a slowdown due to low crude prices. Major producers like Diamondback Energy have informed investors of reduced spending and plans to cut rigs. This marks a turning point as the industry anticipates that shale production may have reached its peak. President Trump, despite his promises to boost oil and gas, is set to oversee this decline in shale output.
— new from WSJ
