EIA raises global oil production forecast after Strait of Hormuz reopens

The Energy Information Administration increased its outlook for worldwide oil production following improved shipping through a critical Middle Eastern chokepoint, signaling eased supply concerns.

First covered Jul 7, 2026 · 10:00 AM PT · 1 article

Coverage

3h EIA Press Releases EIA increases global oil production forecast after the opening of the Strait of Hormuz — The U.S. Energy Information Administration published its July Short-Term Energy Outlook (STEO), increasing its expectations for global oil production.

More coverage from around the web

eia.gov Short-Term Energy Outlook: Global oil markets

eia.gov Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)

eia.gov EIA Press Release (04/07/2026): Hormuz closure and related production outages are key drivers in EIA’s latest forecast

eia.gov International - U.S. Energy Information Administration (EIA)

eia.gov Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint - U.S. Energy Information Administration (EIA)

Appeared in: 2026-07-07 (#16)

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