Oil companies slash jobs by the thousands as prices fall, tariffs rise and industry consolidates
1. U.S. oil jobs down by 4,000 this year amid crude price drop. 2. Crude prices fell 13%, affecting shale producers' profitability. 3. Top oil companies plan significant layoffs after major acquisitions. 4. Drilling costs rising due to tariffs, exacerbating job losses. 5. Industry executives criticize alignment with OPEC over U.S. production.