EIA Raises 2027 U.S. Oil Production Forecast to 14.3 Million Barrels Per Day
Source Summary
The U.S. Energy Information Administration raised its 2027 crude oil production forecast to 14.3 million barrels per day, up from 14.2 million bpd in August. The 2026 forecast remains at 13.8 million bpd, which would exceed the 13.7 million bpd record set in 2025. U.S. production averaged 13.7 million bpd in the first half of this year, a 2% increase from the same period last year, with most growth coming from the Permian.
Why it matters
Higher oil production forecasts indicate increased U.S. energy output capacity and potential supply growth that could influence global oil markets and energy prices.
