As oil price surges, will US fracking production increase?

油价飙升，美国页岩气生产是否会增加？

World Business Report

2026-03-18

26 分钟

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The US Israel war with Iran has caused significant disruption to the global supply of oil and caused major economic upheaval. The US government has granted permission to domestic oil producers to drill in Alaska and the Gulf of Mexico, but much of America's oil comes from fracking. So will the frackers be taking advantage of current high oil prices to increase production? Vishala Sri-Pathma has the latest. In Sri Lanka, the government has announced an emergency shift to a four day work week to conserve dwindling fuel reserves, amid growing fears over petrol shortages. The Sri Lankan government has now declared that every Wednesday will now be a public holiday to cut fuel consumption on the island. Elsewhere, there were real worries in Dublin that Donald Trump’s tax agenda could see US multinationals paying far less corporation tax in Ireland on their European profits. However, those fears haven’t materialised. US tariffs have generally not been applied to pharmaceutical products which are Ireland's main export to the US. Meanwhile, the Irish economy has also been underpinned by a continuing corporation tax windfall.

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As the Middle East conflict shakes global oil markets, Sri Lanka is forced into a four-day work week amid a deepening fuel crisis.
I'm here from 4.30 in the morning.
I don't know whether the children have eaten in the morning or not.
They wouldn't have been able to go to school today.
It's World Business Report from the BBC World Service.
I'm Vishala Sripathma.
On the way, fuel shortages ripple across the globe from the Middle East.
We look at how countries are preparing.
Plus the luck of the Irish.
As we raise a Guinness to St.
Patrick's Day, we ask why multinationals might be doing the same.
Say, markets are in a cautiously upbeat mood today.
The FTSE 100, along with major US and European indices, pushed higher on Tuesday as investors look ahead to a big week of central bank decisions.

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As oil price surges, will US fracking production increase?

油价飙升，美国页岩气生产是否会增加？

World Business Report

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