We recently published a list of Energy shares that are losing this week. In this article, we will look at the place where the Drilling Tools International Corporation (NASDAQ: DTI) stands against other energy shares that lose this week.
The global energy industry faced a big setback this week after there were serious fears of an escalating global trade war and an economic slowdown waving on the horizon. After China returned to President Trump’s tariff by 34 % on all American commodities, global oil prices fell to more than 8 %, heading to the slightest closure since the Covid-19 heroes decreased in 2021. While the Trump administration gave oil, gas exemptions and refined products in its swap tariffs, the threat of inflation and slow economic growth has reduced prices Energy. JP Morgan stated that she now sees a 60 % chance in a global economic recession by the end of the year, an increase of 40 % before.
To put more pressure on oil prices, Opec+ decided to accelerate plans to increase production, as the group now aims to save 411,000 barrels per day to the market in May, up from 135,000 barrels per day previously planned. As a result, Goldman SACHS analysts sharply reduced their expectations in December 2025, and reduced Brent and WTI goals by $ 5 per $ 66 and $ 62 a barrel, respectively.
A row of huge oil platforms in the desert landscape, against sunset.
To collect data for this article, we have mentioned many stock centers to find energy shares that have decreased more than 27 March to April 3, 2025. Energy shares that lost more than others this week. The shares are classified according to the low price of their share during this period.
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The share price decreased between March 27 and April 3: 30.66 %
Since 1984, Drilling Tools International Corporation (NASDAQ: DTI) has been a pioneer in market bottom tools to marine and external drilling markets.
The price of Drilling Tools International Corporation (NASDAQ: DTI) continues to decline after the company reported mixed results from Q4 2024. The stock in DTI fell to -0.04 dollars from $ 0.04, but its revenues amounting to $ 39.8 million were compatible with market expectations. The net loss of the company was $ 1.3 million in a quarter. Another major reason for the decline in the last stocks is the low global oil prices and the threat of economic shrinkage that is looming on the horizon, which may then lead to slowing the activities of oil exploration and antiques.
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