Washington: The U.S. Energy Information Administration (EIA), a division under the Department of Energy, has unveiled its forecast for global daily production of oil and other liquid hydrocarbons for the year 2027.
According to Azeri-Press News Agency, the EIA’s monthly report forecasts that global daily production of liquid hydrocarbons in 2027 will average 108.18 million barrels. This projection is an increase of 0.53 million barrels compared to the forecast for 2026.
Additionally, the EIA has revised its forecast for 2026, expecting global daily output to average 107.65 million barrels. This revision marks an increase of 0.22 million barrels from the previous estimate.
The report also highlighted that in 2025, global daily production of liquid hydrocarbons averaged 106.28 million barrels. This figure represented an increase of 3.11 million barrels compared to 2024, where the average was 103.17 million barrels. For reference, in 2023, the global daily production averaged 102.02 million barrels.