The US EIA predicts global crude oil prices will decline from $69/bbl in 2025 to $53/bbl in 2027 due to increased production outpacing demand. Global oil inventory builds are expected to average 3.1 million b/d in 2026. US crude oil production is forecasted to average 13.6 million b/d in 2026 before slipping to 13.3 million b/d in 2027.
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