US DOE Raises Oil Price Forecasts, Sees Mideast Output Recovery by Q2 2027
Published 16 h ago2 sourcesEvidence: Reported
The US DOE revised its 2026 global oil production outlook, reducing the expected decline by 600,000 bpd, and worsened the 2027 growth estimate by 1.8 million bpd. This suggests a more bearish supply outlook for 2027, potentially easing oil prices. The revision reflects updated assessments of producer behavior and market conditions.
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