U.S. Oil Companies Are ‘Battening Down the Hatches’
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U.S. Oil Companies Are ‘Battening Down the Hatches’

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
Oil and metals prices fall on concerns about the global economy.
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Oil and metals prices fall on concerns about the global economy.

The combination of lower oil prices and higher costs for essential materials like steel pipe threatens to squeeze domestic oil and gas producers.
Oil Companies Wanted Trump to Lower Costs. Tariffs Are Raising Them.
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Oil Companies Wanted Trump to Lower Costs. Tariffs Are Raising Them.

The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.