US EIA STEO: 2026 world oil demand at 104.6mln BPD (prev. 105.2mln BPD); 2027 seen at 106.2mln BPD (prev. 106.6mln BPD)

World Oil Production

• 2026: 104.3mln bpd (prev. 107mln bpd)
• 2027: 109.5mln bpd (prev. 109.6mln bpd)

World Oil Demand

• 2026: 104.6mln bpd (prev. 105.2mln bpd)
• 2027: 106.2mln bpd (prev. 106.6mln bpd)

US Oil Production

• 2026: 13.51mln bpd (prev. 13.61mln bpd)
• 2027: 13.95mln bpd (prev. 13.83mln 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: 109.6 bcf/d (prev. 109.5 bcf/d)
• 2027: 112.6 bcf/d (prev. 112.3 bcf/d)

U.S. Natural Gas Demand

• 2026: 90.6 bcf/d (prev. 91.4 bcf/d)
• 2027: 92.7 bcf/d (prev. 92.1 bcf/d)

WTI Crude Price Forecast

• 2026: USD 87.41/bbl (prev. USD 73.61/bbl)
• 2027: USD 72.43/bbl (prev. USD 60.81/bbl)

Brent Crude Price Forecast

• 2026: USD 96/bbl (prev. USD 78.84/bbl)
• 2027: USD 76.09/bbl (prev. USD 64.47/bbl)