EIA STEO (November 2026): 2026 World Oil Demand: 102.4mln bpd (prev. 102.4mln bpd) ; 2027 104.4mln bpd (prev. 104.6mln bpd)
ORIGINAL · NewsquawkEIA STEO (November 2026): 2026 World Oil Demand: 102.4mln bpd (prev. 102.4mln bpd) ; 2027 104.4mln bpd (prev. 104.6mln bpd)Read originalHide original
World Oil Production 2026: 101.7mln bpd (prev. 101.1mln bpd) 2027: 108.4mln bpd (prev. 109.6mln bpd) World Oil Demand 2026: 102.4mln bpd (prev. 102.4mln bpd) 2027: 104.4mln bpd (prev. 104.6mln bpd) U.S. Oil Production 2026: 13.86mln bpd (prev. 13.87mln bpd) 2027: 14.3mln bpd (prev. 14.3mln bpd) November: 14.03mln bpd (Oct. 13.81mln bpd) December: 14.14mln bpd U.S. Oil Demand 2026: 20.6mln bpd (prev. 20.6mln bpd) 2027: 20.9mln bpd (prev. 20.8mln bpd) U.S. Natural Gas Production 2026: 113 bcf/d (prev. 112.2 bcf/d) 2027: 117.6 bcf/d (prev. 116.1 bcf/d) November: 127.1 bcf/d (Oct. 126.2 bcf/d) December: 127.6 bcf/d U.S. Natural Gas Demand 2026: 92.3 bcf/d (prev. 92.4 bcf/d) 2027: 94.4 bcf/d (prev. 93.8 bcf/d) WTI Crude Price Forecast 2026: USD 88.29/bbl (prev. USD 88.21/bbl) 2027: USD 80.54/bbl (prev. USD 79.74/bbl) Brent Crude Price Forecast 2026: USD 97.44/bbl (prev. USD 96.32/bbl) 2027: USD 85.78/bbl (prev. USD 83.74/bbl)
The November 2026 STEO updates world and U.S. oil and gas estimates and raises its 2026 and 2027 WTI and Brent price forecasts relative to previous estimates.
News detail
World Oil Production 2026: 101.7mln bpd (prev. 101.1mln bpd) 2027: 108.4mln bpd (prev. 109.6mln bpd) World Oil Demand 2026: 102.4mln bpd (prev. 102.4mln bpd) 2027: 104.4mln bpd (prev. 104.6mln bpd) U.S. Oil Production 2026: 13.86mln bpd (prev. 13.87mln bpd) 2027: 14.3mln bpd (prev. 14.3mln bpd) November: 14.03mln bpd (Oct. 13.81mln bpd) December: 14.14mln bpd U.S. Oil Demand 2026: 20.6mln bpd (prev. 20.6mln bpd) 2027: 20.9mln bpd (prev. 20.8mln bpd) U.S. Natural Gas Production 2026: 113 bcf/d (prev. 112.2 bcf/d) 2027: 117.6 bcf/d (prev. 116.1 bcf/d) November: 127.1 bcf/d (Oct. 126.2 bcf/d) December: 127.6 bcf/d U.S. Natural Gas Demand 2026: 92.3 bcf/d (prev. 92.4 bcf/d) 2027: 94.4 bcf/d (prev. 93.8 bcf/d) WTI Crude Price Forecast 2026: USD 88.29/bbl (prev. USD 88.21/bbl) 2027: USD 80.54/bbl (prev. USD 79.74/bbl) Brent Crude Price Forecast 2026: USD 97.44/bbl (prev. USD 96.32/bbl) 2027: USD 85.78/bbl (prev. USD 83.74/bbl)
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