Higher oil prices driven by Middle East conflict could spur U.S. shale producers
to increase drilling activity in the second half of 2026, adding more than
100,000 barrels per day by 2027, according to Citigroup Inc.. Analyst Scott
Gruber estimates total shale growth could reach about 815,000 barrels per day by
2028, supported by stronger forward prices above $70 per barrel. While no
producers have announced output increases, Citi expects potential rig additions
if price trends persist, though not likely to be disclosed in upcoming earnings
reports.
