US ENERGY REVEALS ITS EXPECTATIONS FOR OIL PRODUCTION AND THE MOST IMPORTANT INFLUENCING FACTORS.

Tina Collins

12 Feb 2025 — 1 min read

US ENERGY REVEALS ITS EXPECTATIONS FOR OIL PRODUCTION AND THE MOST IMPORTANT INFLUENCING FACTORS.

US Energy Report: The US Energy Information Administration (EIA) says new sanctions on Russian oil will not greatly affect oil production.

Global Oil Production: Expected to grow by 1.9 million barrels per day in 2025 and 1.6 million barrels per day in 2026.

Reasons for Growth: More oil production from countries outside OPEC Plus and easing of OPEC Plus restrictions.

Oil Inventories:

Early 2025: Global oil stock may decrease, keeping oil prices stable.

Mid-2025 and Beyond: Stock may rise as production increases, but demand may grow slowly.

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