Tag: EIA

By Alton Wright | Just the News The agency now projects U.S. crude oil production will average 13.5 million b/d in both 2025 and 2026. The United States produced a record-high 13.6 million barrels of crude oil per day in July, up from 13.5 million barrels per day (b/d) in June, the Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook. U.S. crude oil production in July was higher than previously estimated, prompting the agency to raise the starting point of its forecasts for the remainder of 2025 and 2026. The agency now projects U.S. crude oil production will average 13.5 million b/d in both 2025 and 2026. For the remainder of 2025, this represents a 100,000 b/d increase from the agency’s August forecast, while 2026 oil production was projected 200,...