Dallas Fed Finds Oil Prices, Tariffs Creating Energy Sector Pressures

September 10, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Most energy firms reported that the price of oil may be getting too low to boost production and tariffs are impacting the cost of drilling new wells, the Federal Reserve Bank of Dallas found. West Texas Intermediate (WTI), the U.S. benchmark for the price of oil, was trading at about $63 per barrel in early Tuesday trading. WTI averaged $76.60 per barrel last year. The U.S. Energy Information Administration (EIA), the statistical arm of the Department of Energy, in a monthly report for September estimated WTI would average $64.16 per barrel this year and fall to $47.77 by next year. Other companies featured: Baker Hughes Company, ConocoPhillips and Chevron Corporation