Industry job losses and $2 billion cuts threaten U.S. oil output growth
September 10, 2025
(World Oil) – The U.S. oil industry is facing significant challenges, having laid off thousands of workers and reduced billions in spending due to declining oil prices and major industry consolidation. This shift may signal the end of the rapid output growth that once positioned the U.S. as the top global producer. In response, the Organization of the Petroleum Exporting
