EIA revises 2026 global liquids production decline forecast to 5.2M b/d

The U.S. EIA lowered its forecast for the decline in global liquid hydrocarbons production in 2026 to 5.2 million b/d from 5.62 million b/d, indicating a less severe supply contraction than previously expected. The revision suggests improved supply outlook, potentially easing upward pressure on oil prices. The change is modest and reflects updated data, but the underlying trend of declining production remains.