RSS feed source: US Energy Information Administration
In-brief analysis
December 19, 2025
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook
Data values: Total Crude Oil Production
Note: While EIA does not forecast unplanned production outages, they are assumed to remain at the most recent historical month’s level throughout the forecast period.
Each month we publish estimates of key global oil market indicators that affect crude oil prices and movements in our Short-Term Energy Outlook (STEO). Among the most important indicators for global crude oil markets are estimates of OPEC’s effective crude oil production capacity and surplus production capacity, as well as any disruptions to liquid fuels production. Low surplus production capacity among OPEC countries can put upward pressure on crude oil prices in the event of unplanned supply disruptions or strong growth in global oil demand.
In our December STEO, we updated our
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