EIA STEO (Feb): World oil demand; 2026 at 104.8mln BPD (prev. 104.8mln BPD), 2027 at 106.1mln BPD (prev. 106.1mln BPD)

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)