EIA forecasts U.S. crude oil production will decrease slightly in 2026

Published: 12 December 2025
Categories: US Energy Information Administration

RSS feed source: US Energy Information Administration

In-brief analysis

December 12, 2025

In our latest Short-Term Energy Outlook, we forecast U.S. crude oil production will average 13.5 million barrels per day (b/d) in 2026, about 100,000 b/d less than in 2025. This forecast decline in production follows four years of rising crude oil output. Production increased by 0.3 million b/d in 2024 and by 0.4 million b/d in 2025, mostly because of increased output in the Permian Basin in Texas and New Mexico. In 2026, we forecast modest production increases in Alaska, the Federal Gulf of America, and the Permian will be offset by declines in other parts of the United States. We forecast that the West Texas Intermediate crude oil price will average $65 per barrel (b) in 2025 and $51/b in 2026, both lower than the 2024 average of $77/b.

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Postdoctoral Researcher in Renewable Hydrogen Production Systems

Published: 12 December 2025
Categories: Eng Jobs Academic Keys

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