EIA updates outlook on oil production growth for 2025-26

May 7, 2025 - 01:00
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EIA updates outlook on oil production growth for 2025-26
Global oil production is set to increase in 2025 and 2026, driven by planned production hikes from OPEC+ and continued growth from non-OPEC nations, according to the latest forecast from the U.S. Energy Information Administration (EIA).