EIA Raises 2027 U.S. Oil Output Forecast

The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million barrels per day, up from 14.2 million bpd in August and 14.0 million bpd in July. For 2026, EIA is still calling for 13.8 million bpd, unchanged from its July and August forecasts. That would top the 13.7 million bpd record set in 2025. U.S. production averaged 13.7 million bpd during the first half of this year, up 300,000 bpd, or 2%, from the same period last year. Most of that increase came from the Permian and the U.S. part…

Last changed 2 days ago.