OPEC, EIA outlooks point to higher oil production this year but slower growth in 2026

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 the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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OPEC raised its expectations Tuesday for global oil demand growth next year while also lowering the supply growth forecast for producers outside the wider OPEC+ group, signaling a tighter oil outlook, and the U.S. Energy Information Administration expects U.S. output to decline in 2026.

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