Thursday, 30 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > EIA Raises U.S. Oil Output Forecast, Warns Oversupply Could Crush Prices
Economy

EIA Raises U.S. Oil Output Forecast, Warns Oversupply Could Crush Prices

Last updated: October 9, 2025 6:23 am
Share
EIA Raises U.S. Oil Output Forecast, Warns Oversupply Could Crush Prices
SHARE

The United States is poised to set a new record for oil production this year. However, the Energy Information Administration (EIA) warns that an oversupply may lead to declining prices in the near future.

In its latest outlook for October, the EIA has upped its prediction for U.S. crude oil production to 13.53 million barrels per day (bpd) for 2025, an increase from its earlier estimate of 13.44 million bpd. This figure significantly exceeds last year’s record production of 13.23 million bpd and stems from higher-than-expected output in July, combined with quicker than anticipated ramp-ups from new Gulf of Mexico offshore projects. The Gulf region is now predicted to average 1.89 million bpd this year, representing a 50,000-barrel increase from previous forecasts due to early project completions.

The EIA cautioned that despite record production providing ample supply to global markets, it could lead to a surplus. “We expect global oil inventories to increase through 2026, which will put significant downward pressure on oil prices in the coming months,” the agency noted in its report. The agency anticipates West Texas Intermediate crude will average around $65 per barrel this year—approximately 15% lower than in 2024—while Brent crude is expected to average $68.64.

The revised forecast indicates U.S. crude production will reach 13.2 million bpd in 2024, with significant contributions from the Permian Basin and the Gulf of Mexico. Nevertheless, the EIA has observed that production growth has decelerated compared to the annual increases of a million barrels seen during the peak shale era, indicating U.S. producers may be approaching the limits of their capacity expansion.

See also  China's quickly gaining an edge over the U.S. in biotech

The agency also posits that only a portion of OPEC+’s planned production increases will likely be realized, owing to limited spare capacity among its members. That being said, inventories are expected to rise by an average of 2.1 million bpd in the fourth quarter of 2025—enough to keep supply comfortably ahead of demand, which could exert further pressure on prices.

If these additional barrels enter the market too swiftly, the imminent challenge for the oil industry may shift from a scarcity issue to one of excess supply.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:

  • High Costs, Low Prices Threaten to Stall Argentina’s Shale Ambitions

  • Energy Sector Outperforms with 6.2% Gain in Q3

  • Ukraine Looks to Boost Gas Imports by 30% After Russian Attacks

Oilprice Intelligence provides you with insights before they hit the mainstream news cycle. This expert analysis is sought after by seasoned traders and political advisors alike. Subscribe for free, twice a week, and stay ahead of market movements before they become widely known.

<pYou’ll receive geopolitical insights, insider inventory information, and market whispers that affect billions—and as a welcome, we’ll send you $389 worth of premium energy intelligence for free just for signing up. Join over 400,000 readers today. Get immediate access by clicking here.

TAGGED:crushEIAForecastoiloutputOversupplyPricesraisesU.SWarns
Share This Article
Twitter Email Copy Link Print
Previous Article Families of Jewish Hostages in Gaza Thank President for His Work in Bringing Their Loved Ones Home after 2 Years in Hamas Captivity | The Gateway Pundit | by Jim Hoft Families of Jewish Hostages in Gaza Thank President for His Work in Bringing Their Loved Ones Home after 2 Years in Hamas Captivity | The Gateway Pundit | by Jim Hoft
Next Article Mobile App Development for Startups: Analyzing Strategies for Success Mobile App Development for Startups: Analyzing Strategies for Success
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Kim Kardashian Takes Brutal Dig at Troubled Ex-husband Kanye West Years After Nasty Divorce Battle… As the Two ‘Battle’ Over Preteen Daughter North’s Wardrobe

Kim Kardashian is making headlines again as she appears to throw subtle shade at her…

September 25, 2025

Trump’s MS-13 Tattoo Photo Sparks Debate

New Delhi: US President Donald Trump recently shared a photo that he claimed depicted the…

April 18, 2025

RFK Jr. says HHS will research six ‘environmental factors’ for potential link to autism

Health and Human Services Secretary Robert F. Kennedy Jr. announced on Wednesday that his department…

April 16, 2025

Sometimes boring batters out can also be a tactic

Sri Lankan opener Dimuth Karunaratne has acknowledged the dominance of Joe Root in the ongoing…

September 13, 2024

EU pauses trade retaliation against US after Trump’s 30% tariff threat

The European Union has decided to postpone its plan to impose tariffs on €21 billion…

July 13, 2025

You Might Also Like

BofA Raises PT on Embraer (ERJ) to  Following Investor Day
Economy

BofA Raises PT on Embraer (ERJ) to $70 Following Investor Day

October 30, 2025
What To Expect From Micron Technology’s Report
Economy

What To Expect From Micron Technology’s Report

October 30, 2025
Alluvial Capital Management’s Views on FitLife Brands (FTLF)
Economy

Alluvial Capital Management’s Views on FitLife Brands (FTLF)

October 30, 2025
Morgan Stanley Hikes Opendoor (OPEN) PT to  Ahead of Q3 Earnings
Economy

Morgan Stanley Hikes Opendoor (OPEN) PT to $6 Ahead of Q3 Earnings

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?