EIA STEO (Feb): World oil demand; 2026 at 104.8mln BPD (prev. 104.8mln BPD), 2027 at 106.1mln BPD (prev. 106.1mln BPD)
The latest EIA Short-Term Energy Outlook indicates steady world oil demand projections for 2026 and 2027, while U.S.
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Newsquawk Daily US Earnings Estimates - 11th February 2026: MCD, TMUS, APP, CSCO, SHOP
EIA STEO (Feb): World oil demand; 2026 at 104.8mln BPD (prev. 104.8mln BPD), 2027 at 106.1mln BPD (prev. 106.1mln BPD)
Auction History: US to sell USD 58bln of 3-year notes at 18:00GMT/13:00EST
USDA WASDE Crop Report (End 2025/2026, bu): Soybeans 350mln (exp. 348mln), Corn 2.127bln (exp. 2.260bln), Wheat 931mln (exp. 916mln)
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World Oil Demand
- 2026: 104.8mln bpd (prev. 104.8mln bpd)
- 2027: 106.1mln bpd (prev. 106.1mln bpd)
World Oil Production
- 2026: 107.8mln bpd (prev. 107.7mln bpd)
- 2027: 108.8mln bpd (prev. 108.2mln bpd)
U.S. Oil Production
- 2026: 13.6mln bpd (prev. 13.59mln bpd)
- 2027: 13.32mln bpd (prev. 13.25mln bpd)
- February: 13.73mln bpd (Jan. 13.54mln bpd)
- March: 13.74mln bpd
U.S. Oil Demand
- 2026: 20.6mln bpd (prev. 20.6mln bpd)
- 2027: 20.7mln bpd (prev. 20.7mln bpd)
U.S. Natural Gas Production
- 2026: 110 bcf/d (prev. 108.8 bcf/d)
- 2027: 111.2 bcf/d (prev. 109.7 bcf/d)
- February: 120.7 bcf/d (Jan. 117.1 bcf/d)
- March: 120.9 bcf/d
U.S. Natural Gas Demand
- 2026: 91.6 bcf/d (prev. 90.3 bcf/d)
- 2027: 91.5 bcf/d (prev. 90.9 bcf/d)
WTI Crude Price Forecast
- 2026: USD 53.42/bbl (prev. USD 52.21/bbl)
- 2027: USD 49.34/bbl (prev. USD 50.36/bbl)
Brent Crude Price Forecast
- 2026: USD 57.69/bbl (prev. USD 55.87/bbl)
- 2027: USD 53/bbl (prev. USD 54.02/bbl)
oil production expectations show slight increases, particularly in February. The revised forecasts for WTI and Brent prices reflect a modest uptick for 2026 but a decrease for 2027, highlighting potential market challenges ahead. Overall, these metrics suggest a balanced but cautious outlook for energy markets moving into the next two years.
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