EIA STEO: World Oil Demand 2026: 104.8mln bpd (prev. 105.2mln bpd); 2027: 106.1mln bpd

World Oil Production

• 2026: 107.7mln bpd (prev. 107.4mln bpd)
• 2027: 108.2mln bpd

World Oil Demand

• 2026: 104.8mln bpd (prev. 105.2mln bpd)
• 2027: 106.1mln bpd

U.S. Oil Production

• 2026: 13.59mln bpd (prev. 13.53mln bpd)
• 2027: 13.25mln bpd
• January: 13.49mln bpd (Dec. 13.52mln bpd)
• February: 13.38mln bpd

U.S. Oil Demand

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

U.S. Natural Gas Production

• 2026: 108.8 bcf/d (prev. 109.1 bcf/d)
• 2027: 109.7 bcf/d
• January: 120.2 bcf/d (Dec. 120.5 bcf/d)
• February: 119.8 bcf/d

U.S. Natural Gas Demand

• 2026: 90.3 bcf/d (prev. 90.8 bcf/d)
• 2027: 90.9 bcf/d

WTI Crude Price Forecast

• 2026: USD 52.21/bbl (prev. USD 51.42/bbl)
• 2027: USD 50.36/bbl

Brent Crude Price Forecast

• 2026: USD 55.87/bbl (prev. USD 55.08/bbl)
• 2027: USD 54.02/bbl