US Oil Output to Hit 14.3M bpd in 2027 as Pemex Cashes In
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The EIA has raised its 2027 US crude production forecast to 14.3 million bpd, up from 14.2 million in August, while 2026 output guidance holds at 13.8 million bpd—a new record versus 2025's 13.7 million bpd average.
Meanwhile, Mexico is cutting financial support for Pemex by up to 70%, betting that the current oil and gas price rally—linked to US-Israel action against Iran—will generate a rare 95 billion peso ($5.63 billion) cash surplus for the state producer.
Rising US supply growth alongside producer-nation fiscal shifts underscores how higher price levels are reshaping both output strategy and government energy policy across major crude-producing economies.