EIA Lifts U.S. Oil Output Outlook to 14.15 Million bpd for 2027 as Prices Rise
Updated
Updated · Rigzone News · Jun 19
EIA Lifts U.S. Oil Output Outlook to 14.15 Million bpd for 2027 as Prices Rise
3 articles · Updated · Rigzone News · Jun 19
Summary
13.72 million barrels per day in 2026 and 14.15 million in 2027 are the EIA’s new U.S. crude output forecasts, up from 13.65 million and 14.10 million in its May outlook.
Rising oil prices drove the upgrade: the June STEO sees Brent averaging $95.39 a barrel in 2026, while WTI is projected at $88.32.
14 million bpd would mark a record threshold for U.S. crude production, which has never averaged that level annually or monthly; the highest annual average so far was 13.586 million bpd in 2025.
Lower 48 onshore output is expected to supply most of the growth, contributing 11.30 million bpd in 2026 and 11.79 million in 2027, versus 1.98 million and 1.86 million from the federal Gulf and 0.45 million and 0.50 million from Alaska.