Drilling Into 2025: Stock Market Expectations for Oil and Allied Industries Part 2

Challenges and Risks Declining Oil Prices Amid Trade Tensions Oil prices dropped due to oversupply concerns and lingering recession fears, despite easing trade tensions. Source: Business Insider Impact of U.S. Tariffs on Oilfield Services Halliburton and Baker Hughes are facing massive cost hikes due to U.S. steel tariffs. Source: Axios Reduced Shale Production Forecasts U.S. shale output forecasts for 2025 have been revised downward by the IEA due to market uncertainty. Source: Reuters