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According to Citigroup, higher oil prices driven by Middle East conflict will push America's biggest shale producers to add drilling rigs in the second half of 2026. The forecast predicts increased output exceeding 100,000 barrels per day by 2027. Geopolitical tensions are spurring energy exploration.

Higher oil prices driven up by the conflict in the Middle East stand to push some of America’s biggest shale producers to start adding drilling rigs in the second half of this year and more than 100,000 barrels per day of increased output by 2027, according to Citigroup Inc.