Shale producers resist ramping up despite lofty oil prices
Despite crude trading above $100, US shale producers are not rushing to boost output because the shale supply chain is tight and higher prices would raise costs, squeezing margins. Permian break-even has risen to about $67 per barrel (up from $65), with capex and input costs potentially pushing break-even to around $90; coupled with near‑capacity inputs and fewer active rigs, many majors are sticking to plans, suggesting discipline may trump price incentives even as geopolitical shifts like Iran’s crisis fade and oil could decline.