OPEC+ is ramping up supply contributions to reinforce its position against US shale producers. These actions come amidst shale regions face higher unit costs and narrowing wellhead breakeven margins. Major producers like Diamondback Energy have reduced capital expenditures while maintaining output efficiency. Finally, a divergence in the global outlook for oil and gas production profitability grows, especially as natural gas operators benefit from long-term demand drivers such as data center growth.

This tug-of-war in the oil market raises critical questions for investors: will US production models adapt to OPEC+ pressures, or will geopolitical risks redefine market dynamics?

Download the Q2 Oil and Gas Pulse to learn how the sector plans to navigate supply adjustments, price fluctuations, and geopolitical tensions.