U.S. shale companies like Diamondback Energy (FANG), Continental Resources (CLR) and EOG Resources (EOG) are becoming the new swing producers for the global oil market as traditional powerhouses like Saudi Arabia and Russia lose influence.

Meanwhile, even integrated energy giants Exxon Mobil (XOM), Chevron (CVX) and Royal Dutch Shell (RDSA) are pouring more money into U.S. shale plays, especially the Permian Basin.

Watch for new technologies and efficiencies from U.S. producers as they try to get around price hikes from service providers Halliburton (HAL) and Schlumberger (SLB) as well as any additional OPEC attempts to slow shale’s advance.

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