Rigzone reported that the U.S. Energy Information Administration raised its 2026 U.S. crude oil production forecast to 13.87 million barrels per day in its October Short-Term Energy Outlook. The figure includes lease condensate and is the latest in a series of upward revisions, up from 13.83 million in the September outlook, 13.80 million in August and 13.51 million in April. For 2027, the EIA now projects 14.30 million barrels per day, up from 14.26 million in September.
Rigzone noted that, according to EIA figures, U.S. crude output has never averaged 14 million barrels per day on an annual or monthly basis. The highest annual average was 13.662 million barrels per day in 2025, and the highest monthly average was 13.995 million in October 2025. The EIA expects the Lower 48 states, excluding the Gulf of America, to contribute 11.39 million barrels per day in 2026 and 11.89 million in 2027.
On the global side, the October outlook has world crude production averaging 75.40 million barrels per day in 2026, with U.S. output making up about 18.39 percent of that total. OPEC+ countries are expected to supply 29.54 million barrels per day and other non-OPEC+ countries 31.99 million. For 2027, global production is projected at 81.50 million barrels per day. Earlier coverage looked at how the EIA narrowed its projected 2026 oil supply gap.
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