US shale chiefs warned that Venezuelan oil will hobble US drillers and that the President’s effort to reduce crude prices will hurt the sector struggling to sustain production growth, according to FT

The warning from US shale leaders suggests that an influx of Venezuelan oil could negatively impact domestic production by increasing competition and putting downward pressure on prices.

Newsquawk StaffPublished 9 Jan 2026, 05:23 UTCOn the live feed at 05:03 UTC — 2 more headlines followed before this page went public

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05:22

Capital Economics says regarding China's inflation that the recent pickup in consumer inflation in China was driven by temporary factors like weather-related food price hikes and not successful policy measures

05:06

South Korea's Blue House says President Lee and Japanese PM Takeichi are to discuss regional peace and stability and rapidly changing global politics, while the sides may discuss China-Japan disputes at their summit next week

05:03

US shale chiefs warned that Venezuelan oil will hobble US drillers and that the President’s effort to reduce crude prices will hurt the sector struggling to sustain production growth, according to FT

05:01

South Korean Finance Ministry says will allow around-the-clock FX trading from July

05:00

Japanese Leading Economic Index Prel (Nov) 110.5 vs. Exp. 110.4 (Prev. 109.8)

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Context

This could hinder profitability and investment in the US shale sector, raising concerns around sustaining production growth, especially as the administration seeks to lower crude prices. The reaction could manifest across energy markets, affecting WTI and Brent prices significantly.

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