US crude production to hit record high for fourth straight year in 2026, EIA says
USO•US crude production is expected to reach 13.9 million barrels per day in 2026 and 14.3 million bpd in 2027, up from 13.7 million bpd in 2025. Brent crude is forecast to average $97 a barrel in 2026 and $86 in 2027.
1. Production and price forecasts
US crude production is expected to hit a record for the fourth straight year in 2026, at 13.9 million barrels per day, and rise to 14.3 million bpd in 2027. The 2025 output estimate was 13.7 million bpd. Brent crude is forecast to average $97 a barrel in 2026 before falling to $86 in 2027.
2. Fuel price outlook
Diesel prices at the pump are forecast to average $5.03 a gallon in 2027, up from the previous forecast of $4.49. Gasoline is forecast to average $3.73 a gallon, compared with the prior estimate of $3.56.
