EIA lifts 2025 US oil output forecast, lowers next year's production expectations

Dec 9 (Reuters) - The U.S. Energy Information Administration on Tuesday raised it 2025 oil production forecast, but lowered its expectations for 2026 production levels.

Oil production will average 13.61 million barrels per day in 2025, the highest on record, according to the EIA's Short-Term Energy Outlook. Next year, total output will decline to 13.53 million bpd, the EIA said in its report.