"US oil production may have already peaked," British media: Oil industry executives warn that the US "shale boom" is coming to an end.

According to the Financial Times of the UK, on the 25th local time, due to the increased costs of steel and aluminum, key materials for the oil industry, as a result of tariffs imposed by US President Trump, as well as falling oil prices squeezing profits, American oil companies are cutting expenses and reducing the number of drilling rigs in operation. Industry executives are warning that the long-running "shale boom" in the US is coming to an end.