EIA adjusts forecast for U.S. oil production as producers set a record in July 2025

America’s oil fields are running at full tilt again. According to the U.S. Energy Information Administration, domestic crude production hit a record 13.6 million barrels per day in July—enough to nudge forecasts higher through 2026. Yet even as output climbs, global inventories are rising and prices are expected to drift lower, with Brent crude projected to average just $52 a barrel next year. The takeaway: steady production in a market adjusting to new global balances and lots of uncertainty. The full release from the EIA is available at the link below.

Tim Hess

U.S. Energy Information Administration

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