The U.S. Energy Information Administration (EIA) has updated its forecasts for global liquid fuel production for 2026–2027.
According to the EIA's Short-Term Energy Outlook, global production of oil and other liquid fuels will decline by 5.2 million barrels per day in 2026, from 106.29 million barrels to 101.09 million barrels.
Based on the EIA's quarterly forecast, global oil and other liquid fuel production stood at 103.66 million barrels per day in the first quarter of 2026, 96.49 million barrels in the second quarter, 101.25 million barrels in the third quarter, and is expected to reach 102.97 million barrels in the fourth quarter.
According to the EIA report, global liquid fuel production will reach 109.55 million barrels per day in 2027.
The agency projects that global oil and other liquid fuel production will be 106.11 million barrels per day in the first quarter of 2027, 109.55 million barrels in the second quarter, 110.92 million barrels in the third quarter, and 111.55 million barrels in the fourth quarter.