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EIA expects US oil production to average 13.83mln BPD in August, (vs 13.82mln BPD in July), and forecasts 13.77mln BPD in September

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EIA forecasts record U.S. oil and gas production through 2027. However, geopolitical risks in the Middle East sustain high oil prices, while ample storage weighs on natural gas outlooks.

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Projects US natural gas production to average 122.6 bcf per day in August (vs 122.0 bcf per day in July), and forecasts 123.2 bcf per day in September.

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