EIA Steo (Feb.): 2025 world oil demand seen at 104.1mln BPD (prev. saw 104.1mln BPD), 2026 demand seen at 105.2mln BPD (prev. 105.1mln BPD)

World Oil Demand

• 2025: 104.1mln bpd (prev. 104.1mln bpd)
• 2026: 105.2mln bpd (prev. 105.1mln bpd)

U.S. Oil Production

• 2025: 13.59mln bpd (prev. 13.55mln bpd)
• 2026: 13.73mln bpd (prev. 13.62mln bpd)
• February: 13.48mln bpd (Jan. 13.31mln bpd)
• March: 13.4mln bpd

U.S. Oil Demand

• 2025: 20.5mln bpd (prev. 20.5mln bpd)
• 2026: 20.6mln bpd (prev. 20.5mln bpd)

U.S. Natural Gas Production

• 2025: 104.6 bcf/d (prev. 104.5 bcf/d)
• 2026: 107.3 bcf/d (prev. 107.2 bcf/d)
• February: 113.8 bcf/d (Jan. 113.7 bcf/d)
• March: 113.2 bcf/d

U.S. Natural Gas Demand

• 2025: 90.7 bcf/d (prev. 90.6 bcf/d)
• 2026: 90.2 bcf/d (prev. 90.4 bcf/d)

WTI Crude Price Forecast

• 2025: USD 70.62/bbl (prev. USD 70.31/bbl)
• 2026: USD 62.46/bbl (prev. USD 62.46/bbl)

Brent Crude Price Forecast

• 2025: USD 74.50/bbl (prev. USD 74.31/bbl)
• 2026: USD 66.46/bbl (prev. USD 66.46/bbl)