EIA raises US oil production forecasts for 2026, 2027

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Published: 1 hour ago

The Energy Information Administration revised upward its US oil production forecasts, projecting 13.72 million barrels per day for 2026 (up from 13.65 million) and 14.15 million bpd for 2027 (versus 14.1 million previously). Higher US oil production typically strengthens the dollar through improved trade balance and energy independence, while potentially pressuring oil-sensitive currencies like CAD and NOK.

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