EIA STEO: 2026 world oil demand 104.2mln bpd (prev. 104.6mln bpd), 2027 world oil demand 105.6mln bpd (prev. 106.2mln bpd)

U.S. Oil Production

• 2026: 13.65mln bpd (prev. 13.51mln bpd)
• 2027: 14.1mln bpd (prev. 13.95mln bpd)
• May: 13.73mln bpd (Apr. 13.75mln bpd)
• June: 13.75mln bpd

U.S. Oil Demand

• 2026: 20.7mln bpd (prev. 20.6mln bpd)
• 2027: 20.7mln bpd (prev. 20.7mln bpd)

U.S. Natural Gas Production

• 2026: 110.6 bcf/d (prev. 109.6 bcf/d)
• 2027: 115 bcf/d (prev. 112.6 bcf/d)
• May: 121.3 bcf/d (Apr. 121.1 bcf/d)
• June: 121.7 bcf/d

U.S. Natural Gas Demand

• 2026: 91.2 bcf/d (prev. 90.6 bcf/d)
• 2027: 94.4 bcf/d (prev. 92.7 bcf/d)

World Oil Production

• 2026: 101.6mln bpd (prev. 104.3mln bpd)
• 2027: 109.5mln bpd (prev. 109.5mln bpd)

World Oil Demand

• 2026: 104.2mln bpd (prev. 104.6mln bpd)
• 2027: 105.6mln bpd (prev. 106.2mln bpd)

WTI Crude Price Forecast

• 2026: USD 85.68/bbl (prev. USD 87.41/bbl)
• 2027: USD 74.39/bbl (prev. USD 72.43/bbl)

Brent Crude Price Forecast

• 2026: USD 94.85/bbl (prev. USD 96/bbl)
• 2027: USD 79.39/bbl (prev. USD 76.09/bbl)