European Central Bank Governing Council member Kocher says energy prices pose upside risks to forecasts

The U.S. Energy Information Administration (EIA) expects that U.S. oil production will average 14 million barrels per day in October, up from 13.96 million barrels per day in September; in November, it is projected to average 14.04 million barrels per day.

U.S. Energy Information Administration (EIA): U.S. oil demand is expected to be 20.6 million barrels per day in 2026, unchanged from the previous forecast of 20.6 million barrels per day; demand for 2027 is projected to be 20.8 million barrels per day (previously 20.8 million barrels per day).

U.S. Energy Information Administration (EIA): It is expected that U.S. oil production will reach 13.87 million barrels per day in 2026, which is an upward revision from the previous forecast of 13.83 million barrels per day. The 2027 production is expected to be 14.3 million barrels per day (previously 14.26 million barrels per day).

EIA Short-Term Energy Outlook Report: The projected WTI crude oil price for 2026 is $88.21 per barrel, previously expected to be $84.65 per barrel. The projected WTI crude oil price for 2027 is $79.74 per barrel, previously expected to be $69.74 per barrel. The projected Brent price for 2026 is $96.32 per barrel, previously expected to be $91.01 per barrel. The projected Brent price for 2027 is $83.74 per barrel, previously expected to be $73.74 per barrel.