Oil chiefs warn of end to US shale boom

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US oil companies are cutting spending and idling drilling rigs, as Donald Trump’s tariffs increase costs and falling crude prices squeeze profits, prompting executives to warn that a decade-long shale boom is ending. Surprise decisions … Read more

Rating agencies in public brawl over scores for private credit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two US credit rating agencies have become embroiled in a rare public dispute over the reliability of scores for insurance companies’ growing stash of private credit investments. The dispute involves a study, since withdrawn by … Read more