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EIA lifts 2025 US oil output forecast to a record high as supplies swell

Friday, December 12th, 2025

U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, as expectations mount of a global supply glut. The agency raised its forecast for 2025 oil production by 20,000 to average 13.61 million barrels per day in 2025, the highest on record. However, [Read more]

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