A post by @FirstSquawk on X.
EIA SEES 2026 U.S. OIL DEMAND OF 20.6 MLN BPD, VS PRIOR FORECAST 20.6 MLN BPD; SEES 2027 DEMAND OF 20.9 MLN BPD (PVS 20.8 MLN BPD) || EIA SEES 2026 U.S. NATGAS DEMAND OF 92.3 BCF/DAY, VS PRIOR FORECAST 92.4 BCF/D; SEES 2027 DEMAND OF 94.4…
@FirstSquawk on X
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The U.S. Energy Information Administration left its 2026 U.S. oil demand forecast unchanged at 20.6 million barrels per day while raising its 2027 estimate to 20.9 million bpd from 20.8 million bpd. The agency also trimmed its 2026 natural gas demand outlook to 92.3 billion cubic feet per day from 92.4 bcf/d, but lifted its 2027 forecast to 94.4 bcf/d from 93.8 bcf/d. The revisions point to slightly stronger medium-term demand growth for both crude and gas than previously assumed, with the 2027 upgrades carrying more weight than the near-term tweaks. Traders will watch whether the EIA's next Short-Term Energy Outlook extends the upward 2027 revisions or reverts toward earlier estimates, and how the figures square with OPEC and IEA demand balances.
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Named in this story
U.S. Energy Information Administration, U.S. oil demand, U.S. natural gas demand