U.S. Oil Producers Amid OPEC+ Output Increases and Trade Policies The U.S. oil industry is now facing a complex market environment as OPEC+ production increases and recent trade policies have a significant effect on production, profitability, and border energy markets. It was the first time Brent crude oil prices declined below $60 per barrel since February 2021 in early April, primarily because OPEC+ countries, such as Saudi Arabia, Russia, and Iraq, increased production by 411000 barrels a day. The decision raised concerns about a possible oversupply of oil on account of escalating global trade tensions. The oil market has become more complex due to President Donald Trump´s trade policies, particularly the increase in tariffs. Since April 3, 2025, these tariffs have slowed oil prices by 16%. To operate profitably, many U.S. oil producers need prices above $65 per barrel. As a result, this decline strains them financially. The U.S. oil industry has reevaluated its strategies in ...