EIA STEO: 2026 World Oil Demand 102.9mln bpd (prev. 104.2mln bpd), 2027 105.3mln bpd (prev. 105.6mln bpd)

U.S. Oil Production

• 2026: 13.72mln bpd (prev. 13.65mln bpd)
• 2027: 14.15mln bpd (prev. 14.1mln bpd)
• June: 13.83mln bpd (May 13.71mln bpd)
• July: 13.82mln bpd

U.S. Oil Demand

• 2026: 20.7mln bpd (prev. 20.7mln bpd)
• 2027: 20.7mln bpd (prev. 20.7mln bpd)

U.S. Natural Gas Production

• 2026: 111 bcf/d (prev. 110.6 bcf/d)
• 2027: 113.6 bcf/d (prev. 115 bcf/d)
• June: 122.3 bcf/d (May 122.1 bcf/d)
• July: 122.5 bcf/d

U.S. Natural Gas Demand

• 2026: 92.1 bcf/d (prev. 91.2 bcf/d)
• 2027: 95 bcf/d (prev. 94.4 bcf/d)

World Oil Production

• 2026: 99mln bpd (prev. 101.6mln bpd)
• 2027: 109.3mln bpd (prev. 109.5mln bpd)

WTI Crude Price Forecast

• 2026: USD 88.32/bbl (prev. USD 85.68/bbl)
• 2027: USD 74.39/bbl (prev. USD 74.39/bbl)

Brent Crude Price Forecast

• 2026: USD 95.39/bbl (prev. USD 94.85/bbl)
• 2027: USD 79.39/bbl (prev. USD 79.39/bbl)