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flag U.S. oil output hit a record 13.6 million bpd in July, boosting forecasts for 2025–2026.

flag U.S. crude oil production reached a record 13.6 million barrels per day in July, up from 13.5 million in June, driven by stronger-than-expected output, especially in the Gulf of Mexico. flag The Energy Information Administration raised its 2025 and 2026 production forecasts to 13.5 million b/d each year. flag Global supplies are expected to grow through 2026, increasing inventories and pressuring prices, with Brent crude projected to average $62 in Q4 2025 and $52 in 2026. flag U.S. natural gas production is forecast to rise to 107 billion cubic feet per day by 2026, and LNG exports are expected to grow to 16 billion cubic feet per day by 2026.

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