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EIA Cuts 2026-2027 Brent Crude Forecasts by Over $10/bbl to $82 and $65 Respectively

2026-07-07 16:04:39

According to the U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook (STEO) released today, the agency lowered its Brent crude oil price forecasts for 2026 to $82/bbl from a prior estimate of $95/bbl, and for 2027 to $65/bbl from $79/bbl.

The EIA also raised its 2026 U.S. crude oil production forecast to 13.8 million barrels per day (mb/d) from 13.7 mb/d, though it trimmed the 2027 outlook to 14 mb/d from 14.2 mb/d. U.S. liquefied natural gas (LNG) exports were projected at 17.4 billion cubic feet per day in 2026, slightly up from the prior 17.2 bcf/d.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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