US frackers face challenges as global oil supply glut worsens with Trump’s Venezuelan strategy

Workers in a fracking site monitor equipment as they extract oil amidst a backdrop of drilling rigs and storage tanks, highlighting the challenges faced by the U.S. oil industry in a saturated market.

In recent months, the global oil market has seen a decline in demand due to slowing economic growth in key regions, including Europe and Asia. This downturn has intensified competition among oil-producing nations, further complicating the landscape for American frackers who are already operating on thin margins. Additionally, the geopolitical situation in Venezuela poses both … Read more