Diamondback CEO sees US crude output growth stalling with $60/bbl oil

Core Insights - U.S. oil production growth is expected to stall if prices remain around $60 per barrel, as this price point renders fewer drilling sites profitable [1] Industry Summary - The CEO of Diamondback Energy, a leading oil producer in the U.S., indicated that the current price level is not conducive for expanding drilling operations [1] - A sustained price of $60 per barrel could lead to a slowdown in production growth within the U.S. oil sector [1]