EIA Slashes 2026-2027 Oil Price Forecasts by Over 13%, Sees Strait of Hormuz Flows Normalizing by Year-End
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
The EIA has reduced its 2026-2027 oil price forecasts by over 13% and expects strait of hormuz flows to normalize by year-end. Additionally, US oil production is forecasted to peak by 2027. The decline of the shale boom is also anticipated to occur around this time.