US STEO Report

10 Nov 2026 17:02Energy

2026 Brent forecast raised to $97.44/bbl from $96.32; 2027 raised to $85.78 from $83.74.
2026 WTI forecast raised to $88.29/bbl from $88.21; 2027 raised to $80.54 from $79.74.
2026 world oil demand unchanged at 102.4 mln bpd; 2027 cut to 104.4 mln bpd from 104.6 mln.
2026 world oil output raised to 101.7 mln bpd from 101.1 mln; 2027 cut to 108.4 mln bpd from 109.6 mln.
2026 US natural gas demand cut to 92.3 Bcf/d from 92.4; 2027 raised to 94.4 Bcf/d from 93.8.
2026 US oil demand unchanged at 20.6 mln bpd; 2027 raised to 20.9 mln bpd from 20.8 mln.
2026 US natural gas output raised to 113 Bcf/d from 112.2; 2027 raised to 117.6 Bcf/d from 116.1.
2026 US oil output cut to 13.86 mln bpd from 13.87 mln; 2027 unchanged at 14.3 mln bpd.
US natural gas production seen rising to 127.1 Bcf/d in November from 126.2 Bcf/d in October, then to 127.6 Bcf/d in December.
US oil production seen rising to 14.03 mln bpd in November from 13.81 mln bpd in October, then to 14.14 mln bpd in December.
US EIA expects US crude production to average 13.9 million barrels per day in 2026, rising to 14.3 million bpd in 2027.
Expects crude stocks to rise in 2027 as net imports increase and domestic oil production reaches record 14.3 million BPD