Tungsten Tightness: China's Grip Squeezes U.S. Shale
Update: 2025-10-08
Description
Tungsten Trouble: How Chinese Export Controls Are Drilling into US Shale Profits. New restrictions on tungsten exports from China, the world's leading supplier, have sent prices soaring, adding thousands to the cost of essential oilfield drillbits. This comes at a particularly challenging time for US shale drillers already grappling with OPEC+ output increases, declining rig counts, and squeezed profit margins for oilfield service giants like SLB and Halliburton. Is this a knockout blow fueled by trade wars, or can innovation save the industry?
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