U.S. Energy Production Soars as Crude Oil, LNG Exports Surge
The U.S. Energy Information Administration (EIA) has released its latest projections for the American energy sector. The outlook shows a significant increase in crude oil and natural gas production, as well as a rise in LNG exports.
U.S. crude oil production is set to maintain a robust average of 13.5 million barrels per day in both 2025 and 2026. This follows a record-high production of 13.6 million barrels per day in July. The EIA attributes this to increased output in the Gulf of America, where production is projected to rise in both 2025 and 2026.
Total U.S. LNG exports are expected to reach 15 billion cubic feet per day (Bcf/d) in 2025 and 16 Bcf/d in 2026. This growth is driven by the expansion of LNG export capacity, which is projected to increase by 5 Bcf/d in the remainder of 2025 and in 2026. This expansion is due to increased production at LNG facilities in Louisiana and Texas.
Dry natural gas production is also projected to rise, reaching 107 billion cubic feet per day in 2026. The market price of natural gas at the Henry Hub is expected to rise to $4.10 per million Btu in January 2025, reflecting this increased production.
Despite these increases in production and exports, the EIA expects the global market price of crude oil to decline. Brent crude is forecast to average $62 per barrel in the fourth quarter of 2025 and $52 per barrel in 2026. This is due to an expected increase in global production of crude oil and petroleum products through 2026.
