Low Oil Prices to Curb Oil Production, U.S. Says

September 11, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A significant decline in crude oil prices is expected over the coming months, which could lead to production declines, the U.S. Department of Energy said. The price for Brent crude oil, the global benchmark, was trading near $67 per barrel early Wednesday, edging higher on geopolitical concerns after Israeli forces targeted Hamas leadership in U.S. ally Qatar. Though elevated by risk, macroeconomic concerns have prevailed for much of the year, pulling Brent down about 3.2% so far.