Oil executives predict 2026 price 'low point' as Permian Basin ramps up production capacity

The pipes are churning, and sand and water are flowing once again as America’s oil executives focus on increasing domestic supply and aim to bring prices to a "low point" in 2026."We're prepared for prices in '26 to be lower than they were in '25," Chevron CEO Mike Wirth said in an interview with FOX Business’ Maria Bartiromo — the first of four exclusive segments airing on "Mornings with Maria" this week — offering an in-depth look at operations in Texas’ Permian Basin."That's the current outlook. As we get on the other side of that and that supply's back in the market, the market will come b