Trending News: Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil ProjectHormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags OnVance Says Cheap Oil and Gas Is Top U.S. Priority in Iran WarMiddle East Oil Tankers Are Going Dark for LongerDrone Strike Sparks Blaze at Key Russian Oil and Fuel TerminalHormuz Crisis Pushes Asian Refiners Toward U.S. OilIndia’s Coal Demand Set to Hit 1.6 Billion Tons by 2030Holcim UAE starts cement carbon capture pilot projectQatar Ras Laffan train five ‘goes offline’Vietnam’s Bac Ninh semiconductor investment hits $2.7bnIndia Daily: India Power Capacity Tops 550 GW, CEA Sets New Cybersecurity Rules, CSPDCL Advances 500 MWh BESS, India Accelerates Smart Meters, Kerala Rejects KINESCO Licence and More…CERC Approves GNA Milestone Extensions With New Charges For Renewable Energy ProjectsSaatvik Green Energy Reports INR 511 Crore Q1 FY27 Revenue, Order Book Reaches 5.89 GWGreen Energy Stocks Deliver Mixed Performance As Sensex And Nifty End Lower (14 August 2026)CIP Closes USD 3 Billion Growth Markets Fund II to Back Large-Scale Renewable Energy ProjectsOil Shocks Could Accelerate EV Adoption, WoodMac SaysU.S. Backs X-Energy Reactor With Up to $2.15 BillionOil Prices Head for 4% Weekly Gain as U.S.-Iran Deadlock Drags OnRussia Captures Record Share of India’s Oil MarketNeogenyx to break ground on Nebraska RNG facilityUS to Soon Unveil Unprecedented Sanctions on IranArgentina LNG applies to Rigi investment scheme for $51bn LNG projectTerraPower expands cooperation with Korean partnersNuclea Energy to acquire Moltex Energy technology portfolioConstruction starts at Saskatchewan uranium mineDecommissioning Spending in UK North Sea Hits Record HighRomania Shuts Down Last Nuclear Reactor As Danube Hits 90-Year LowUkraine Strikes Gazprom’s 200,000-Bpd Salavat Refinery in the UralsGlobal Refining System Has Little Spare Room LeftChinese foundries record triple–digit quarterly growthIndia Drives a Global Surge in New Coal Mine PlansNew Zealand Approves New Oil and Gas Production as Energy Security Concerns GrowHigh Oil Prices Deliver a Windfall for China’s Coal-to-Chemicals IndustryAlaska LNG Pipeline Bill Dies in Legislature, Governor Fires BackIndia Eyes Two New Sites to Expand Strategic Oil ReservesNew opportunities for CO2 in food and beverage decarbonisationHow CO2 could help reduce water use in data centresBlack Moon Energy and TAE explore helium-3 fuel in nuclear powerAnalysis: Should industrial gas adopt auto-style supply chain safety nets?Green Energy Stocks Trade Mixed As Market Volatility Weighs On Renewable Sector (13 August 2026)United Solar Welcomes U.S. Section 232 Measures on PolysiliconSaudi Arabia Completes $8.5 Billion Green Hydrogen Plant In NEOMTrump Puts 81 Million Gulf Acres Up for Oil and Gas AuctionUkraine Halts Oil Tanker Attacks on JD Vance RequestPutin Opens New Front in Shadow Fleet Fight With Threat to Seize EU ShipsOil Prices Fall as OPEC and IEA Slash 2026 Demand OutlooksSouth Korean Fleet Reshuffle Creates Asia’s Largest LNG Carrier OperatorSungrow Ranked No. 1 in Global BESS Integrator and Solar Inverter Rankings by Wood MackenzieSolar & Storage Expo Chhattisgarh 2026 Concludes on a High Note in Raipur, Bringing Together 3,500+ Industry ProfessionalsUcaneo CEO outlines next steps after opening Germany’s largest DAC facilityUcaneo CEO outlines next steps after opening Germany’s largest DAC facilityU.S. Crude Inventories Rise by Most in 3.5 Years as Exports SlumpBofA to Plow $250 Billion Into Critical Infrastructure ProjectsTop US Refiners See Profits Soar, Step Up Investor RewardsShift CCUS funding onto producers recommends IPPRShift CCUS funding onto producers recommends IPPRSK Shipping to become Asia’s largest LNG carrier under K-LNG rebrandIran Boosts Military Posturing as Talks Hit DeadlockCNNC to procure contract for high-temperature reactorRomanian plant taken offline as Hungary moves to keep Paks operatingUS poll finds support for deep geologic disposalVirginia Data Center Boom Pushes Dominion Deeper Into Costly Power MarketUS to Offer 81 Million Acres in Gulf of Mexico Oil and Gas Lease SaleTrump Says US Has ‘Total Control’ Over Strait of HormuzUS Crude Stocks See Largest Weekly Rise in 3.5 Years, EIA SaysUS Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High BidsIEA: Global Oil Deficit To Hit 1.8 Million Bpd This QuarterIndian Refiners Seek 6 Million Barrels of Spot CrudeNorway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1USA Oil, Gas Workforce Hits Lowest Level in YearsCaptured CO2 used to develop recyclable plasticsUS Crude Oil Inventories See Surprise Build: APIRussia Imports Indian Fuel as Refinery Crisis DeepensDrone Attack Hits Power Plant at Key Libyan Oil HubTanker Data Contradicts U.S. Claim That Middle East Oil Flows Have NormalizedHormuz Ship Traffic Falls to Weekly Low as Standoff Drags OnUK Warns of Tighter Power Margins During EclipseMesser to build new air separation unit in TexasMesser to build new air separation unit in TexasCCS–specific frameworks in Asia Pacific ‘largely absent’European Energy Secures GBP 58.1 Million Financing For UK Solar-Battery ProjectSaipem consortium advances $32m Rovuma LNG workIndia Daily: India Backs BESS with ₹5,400 Cr, India Solar Crosses 164 GW, NTPC Mining Plans 50 MWp Solar, CEA Proposes New Grid Standards and More…Green Energy Stocks See Mixed Trading as Sensex, Nifty Decline on August 12Ireland connects first biomethane plant to gas networkLONGi Launches LONGi ONE in Egypt, Accelerating the Next Era of Integrated Solar and StorageBERC Proposes Bihar Electricity Grid Code 2026 To Modernize State Power Grid Framework In BiharUK professors call on carbon storage to be factored into North Sea licensingUK professors urge carbon storage to be factored into North Sea licensingBlue Star establishes regular helium deliveries from Colorado plantAxpo and Vitol launch LNG bunkering at Italy cruise portUS Fired on Panama-Flagged Ship That Tried to Break Blockade of Iranian Ports, WSJ Reports Citing US OfficialUS Natural Gas Output, Demand to Hit Record Highs in 2026, EIA SaysUS Natgas End-of-Season Storage Seen at Three-Year Low in OctoberUS Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA SaysRussian Crude Exports Drop to Lowest Since MayIran Says Hormuz Will Stay Closed Until U.S. Meets Its ConditionsFrance’s Power Prices Jump 22% as Heatwave Trims Nuclear OutputAustralian reactor marks 20 years of operationsMIT develops framework for assessing economics of fusion

US Crude Output to Ease in 2026, While Demand Remains Flat, Says EIA Data

Business & Policy
January 14, 2026

(Reuters) – U.S. crude production will ease in 2026 and 2027 after reaching a record high in 2025, while petroleum demand will hold steady this year, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.

EIA projected crude production will slide to 13.59 million barrels per day (bpd) in 2026 and 13.25 million bpd in 2027, down from a record 13.61 million bpd in 2025.

The agency also projected petroleum and other liquid fuels consumption would hold at 20.61 million bpd in 2026, the same as 2025, before rising to 20.69 million bpd in 2027.

That compares with a record 20.80 million bpd in 2005, according to EIA data going back to 1973.

Reporting by Scott DiSavino and Liz Hampton