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EIA Cuts 2026 Global Oil Production Forecast to 101.6M Barrels Per Day

GateNews

2026-05-12 16:11:47

According to the U.S. Energy Information Administration’s annual energy outlook released in May 2026, global oil production is projected at 101.6 million barrels per day in 2026, down from a previous estimate of 104.3 million barrels per day. For 2027, the EIA maintained its forecast at 109.5 million barrels per day.

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