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Atlantic Council 2025 Global Energy Forum
Subject:Oil & gas markets in the era of energy dominance
Presented by:Stephen Nalley
Presented to: Atlantic Council
Washington, DC—June 18, 2025

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January 22, 2026 Today in Energy ›

EIA forecasts near-term U.S. crude oil production will remain near 2025 record ›

In our January 2026 Short-Term Energy Outlook, we forecast U.S. crude oil production next year will remain near the record 13.6 million barrels per day (b/d) produced in 2025 before decreasing 2% to 13.3 million b/d in 2027. If realized, a fall in annual U.S. crude oil production will mark the first since 2021. More

monthly U.S. crude oil production by region

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2026


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