Drill, baby, drill? US agency sees US oil prodcution falling next year ...Middle East

The EIA now forecasts that US 2026 oil production will be lower than 2025.

2025 forecast of 13.42 mbpd steady2026 cut to 13.37 mbpd from 13.49 previously2025 demand at 20.4 mbpd vs 20.5 priorNatural gas demand steady at 91.3 bcf/day2025 world oil demand at 103.5 vs 103.7 mbpd 2026 world oil demand steady at 104.6 bmpd

Notably, the EIA has global oil demand at 102.60mbpd, global oil supply at 104.24mbpd in May 2025, which might explain why prices have recovered so well.

This article was written by Adam Button at www.forexlive.com.

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