EIA Raises Global Oil Production Forecasts for 2026-2027 to 101.9M and 109.8M Barrels Daily

The EIA's Short-Term Energy Outlook raised its global oil production forecasts for 2026 to 101.9 million barrels per day, up from a prior estimate of 99 million barrels per day. For 2027, the EIA increased its projection to 109.8 million barrels per day, up from 109.3 million barrels per day previously.
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