US frackers were already facing a global oil supply glut. Trump’s Venezuelan dream could make it worse

Picture is as murky as a barrel of oil, with US companies in 2026 expecting their first production drop in four yearsUS shale-oil producers were already contending with oil prices at four-year lows. News that they may soon face a significant competitor in their back yard likely wasn’t how frackers wanted to greet 2026.The US capture of Venezuelan president Nicolaá Maduro and his wife, Cilia Flores, hit the share prices of independent shale-oil producers, such as Diamondback Energy and Devon Energy, last week. Continue reading...