US EIA STEO: 2026 world oil demand view 102.4mln BPD (prev. 102.6mln BPD), 2027 104.6mln BPD (prev. 105mln BPD)
The October 6 report lowered world oil demand estimates, raised crude price forecasts, and presented updated U.S. oil and natural gas estimates for 2026 and 2027.
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World Oil Production 2026: 101.1mln bpd (prev. 100.6mln bpd) 2027: 109.6mln bpd (prev. 109.9mln bpd) World Oil Demand 2026: 102.4mln bpd (prev. 102.6mln bpd) 2027: 104.6mln bpd (prev. 105mln bpd) U.S. Oil Production 2026: 13.87mln bpd (prev. 13.83mln bpd) 2027: 14.3mln bpd (prev. 14.26mln bpd) U.S. Oil Demand 2026: 20.6mln bpd (prev. 20.6mln bpd) 2027: 20.8mln bpd (prev. 20.8mln bpd) U.S. Natural Gas Production 2026: 112.2 bcf/d (prev. 111.7 bcf/d) 2027: 116.1 bcf/d (prev. 115.9 bcf/d) U.S. Natural Gas Demand 2026: 92.4 bcf/d (prev. 92.2 bcf/d) 2027: 93.8 bcf/d (prev. 94.3 bcf/d) WTI Crude Price Forecast 2026: USD 88.21/bbl (prev. USD 84.65/bbl) 2027: USD 79.74/bbl (prev. USD 69.74/bbl) Brent Crude Price Forecast 2026: USD 96.32/bbl (prev. USD 91.01/bbl) 2027: USD 83.74/bbl (prev. USD 73.74/bbl)
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