WASHINGTON (WO) — U.S. crude oil manufacturing is anticipated to dip barely in 2026, ending a four-year streak of regular progress, in accordance with the U.S. Vitality Data Administration’s (EIA) newest Brief-Time period Vitality Outlook.
The company forecasts crude manufacturing will common 13.5 million barrels per day (bbl/d) subsequent 12 months — about 100,000 bbl/d lower than in 2025. Output rose by 300,000 bbl/d in 2024 and 400,000 bbl/d in 2025, pushed largely by continued features within the Permian basin of Texas and New Mexico.
The EIA expects modest will increase from Alaska, the Federal Gulf of Mexico, and the Permian basin to be offset by declines in different producing areas.
West Texas Intermediate crude costs are projected to common $65 per barrel in 2025 and fall additional to $51 in 2026, in contrast with a mean of $77 per barrel in 2024, in accordance with the company.