The United States Energy Information Administration (EIA) predicted in its short-term energy outlook released on Tuesday that the Organization of the Petroleum Exporting Countries and its partners (OPEC+) will not raise their production of liquid fuels soon, possibly only slightly in 2027.
The EIA also projected that OPEC+ targets for 2027 will remain at the levels it set for 2026. It revealed that global liquid fuels production increased by approximately 3 million barrels per day (bpd) in 2025; further, it forecast the growth to decline to an average of 1.6 million bpd in 2026 and 900,000 bpd in 2027.
The EIA foreshadowed that oil prices will decrease in 2026 and remain under $60 per barrel in 2027. The agency predicted that global liquid fuel consumption will rise by 1.2 million bpd in 2026, and 1.3 million in 2027.
https://breakingthenews.net/Article/EIA:-OPEC+-not-expected-to-grow-production/65641807
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