Mumbai, Dec. 10 -- Energy Information Administration or EIA has stated in a latest monthly update that global liquid fuels production in its forecast increases by 3.0 million b/d in 2025 and by more than 1.2 million b/d in 2026. Along with OPEC+, the United States, Brazil, Guyana, and Canada drive production growth in the forecast. Together these four countries contribute more than 50% (1.5 million b/d) of total global growth this year and about 60% (0.8 million b/d) in 2026. Production in South America has been the leading source of growth in 2025 as new offshore vessels have started up ahead of schedule in Brazil and Guyana, with additional projects still in development.
EIA forecast that global oil inventory builds will exceed 2 million...