EIA STEO: US oil production to average 13.83mln BPD in August (vs. 13.82mln BPD) in July; to average 13.77mln bpd in September
EIA revised 2026 global demand and production downward while raising U.S. output forecasts for 2026-2027, signaling domestic growth despite near-term global supply tightening and demand cooling.
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World Oil demand * 2026: 102.7mln bpd (prev. 102.8mln bpd) * 2027: 105mln bpd (prev. 104.8mln bpd) World Oil Production * 2026: 100.8mln bpd (prev. 101.9mln bpd) * 2027: 109.7mln bpd (prev. 109.8mln bpd) U.S. Oil Production 2026: 13.8mln bpd (prev. 13.78mln bpd) 2027: 14.15mln bpd (prev. 14.03mln bpd) August: 13.83mln bpd (Jul. 13.82mln bpd) September: 13.77mln bpd U.S. Oil Demand 2026: 20.6mln bpd (prev. 20.7mln bpd) 2027: 20.8mln bpd (prev. 20.8mln bpd) U.S. Natural Gas Production 2026: 111.2 bcf/d (prev. 111.2 bcf/d) 2027: 116 bcf/d (prev. 115.3 bcf/d) August: 122.6 bcf/d (Jul. 122 bcf/d) September: 123.2 bcf/d U.S. Natural Gas Demand * 2026: 92 bcf/d (prev. 92.1 bcf/d) * 2027: 94.8 bcf/d (prev. 95 bcf/d)
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