Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
9 July | Oil

US oil production growth to slow more than expected — EIA

Brent
WTI Light Crude Oil
US oil production growth to slow more than expected — EIA

According to Bloomberg, volatile oil prices are straining US drilling activity, likely leading to a sharper-than-expected slowdown in domestic crude output growth.

The Energy Information Administration (EIA) released a short-term forecast Tuesday projecting domestic oil production to reach 13.37 million barrels per day this year and next, representing a 160,000 barrels per day increase. This forecast is 50,000 barrels per day lower compared to earlier outlook.

Bloomberg reports that US drilling rig counts continue to decline, nearing four-year lows.

The EIA forecasts that significant growth in global crude reserves will exert downward pressure on energy prices long-term. The agency projects Brent oil prices to reach $58 per barrel in 2026. Currently, it is near the level of $70 per barrel.

Elizaveta Kuzmicheva MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 39.8K to 65.6K
Yesterday at 8:30 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 544 to 549
Yesterday at 6:05 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 407 to 413
Yesterday at 6:05 PM
United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator has increased from 3.36M to 3.37M
4 December
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 9.9M to 9.95M
4 December
Top news
United States. PCE price index (YoY). The value of the indicator has increased from 2.7% to 2.8%
Yesterday at 3:01 PM
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 2.9% to 2.8%
Yesterday at 3:01 PM
European Union. GDP (QoQ). The value of the indicator has increased from 0.2% to 0.3%
Yesterday at 10:00 AM
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.1% to 0%
4 December
European Union. CPI (MoM). The value of the indicator has decreased from 0.2% to -0.3%
2 December
All news

Forecasts

Brent sell
Period: 19.12.2025 Expectation: 200 pips
Brent crude to remain within $62.5–$65 range
FA Other Indicators Chart analysis
Yesterday at 10:55 AM 24
John_Bullard
GBPUSD sell
Period: 12.12.2025 Expectation: 1625 pips
GBPUSD correction looms as Fed easing bets grow
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 09:48 AM 21
Lyra_Moonwell1
USDJPY sell
Period: 28.02.2026 Expectation: 7000 pips
USDJPY poised to extend its decline
TA Other FA Other
Yesterday at 08:49 AM 13
McCarthy_Raymond
Brent buy
Period: 31.03.2026 Expectation: 140 pips
Investing in Brent crude with $75.5 in sight
FA Other Chart analysis
Yesterday at 08:49 AM 17
McCarthy_Raymond
AUDCAD buy
Period: 12.12.2025 Expectation: 935 pips
AUDCAD aims for new highs on strong fundamentals
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Yesterday at 08:11 AM 13
Emily_Foster
Natural gas buy
Period: 11.12.2025 Expectation: 450 pips
Buying natural gas on way down before next rally
TA Other Technical analysis FA Other Indicators Fundamental analysis
04 December 2025 55
Lyra_Moonwell1
Go to forecasts