Tim Rezvan, Managing Director of KeyBanc, will discuss the macro-outlook on U.S. shale oil production and pricing, highlighting how the sector’s efficiency gains have led to stronger production growth despite volatile market conditions. This session will focus on the ongoing balance between supply growth from shale plays and the global demand for oil, particularly in light of geopolitical and economic uncertainties. Rezvan will also explore the pricing dynamics, noting that while U.S. shale remains a key contributor to global oil supply, producers increasingly prioritize capital discipline and returns over aggressive expansion, which could influence future price trends.