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0.000887735591368448 0.00163889647637264 0.00283392515706086 0.00635072384594378 0.0123600109259765 0.0161158153509971 0.0215446599289812 0.0148524993171265
Stock impact report

Trump wants oil prices to hit $50 a barrel. The math doesn't work for the US oil industry. [Yahoo! Finance]

Diamondback Energy, Inc. - Commmon Stock (FANG) 
Last diamondback energy, inc. - commmon stock earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
Company Research Source: Yahoo! Finance
The problem for the US oil industry? That math doesn't check out. In the Permian Basin, the largest collection of oil plays in the continental US and the crown jewel of American energy, breakeven prices hover between $62 and $64 , according to data from the Dallas Federal Reserve. With the price of WTI crude oil ( CL=F ), the US benchmark, around $57 today, this means, at a basic level, that barrels extracted by US oil companies on US soil are not being sold for more than it costs to drill for them. "Capital efficiencies and returns drive our investment decisions," one respondent told the Dallas Fed's most recent quarterly energy survey . "If economic conditions worsen, drilling and completion activities will cease in 2026." As a wave of global oversupply gluts the oil market, the Energy Information Administration expects that Brent crude ( BZ=F ) — the international benchmark — will fall toward an average of $55 per barrel within the first quarter of 2026 and remain at that Show less Read more
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