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EIA expects low crude oil prices and declining rig count to affect U.S. crude oil production trends through 2026

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EIA expects lower crude oil prices and higher natural gas prices through 2026

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Subject:	Oil & gas markets in the era of energy dominance
Presented by:	Stephen Nalley
Presented to:	Atlantic Council Washington, DC—June 18, 2025

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June 30, 2025 Today in Energy ›

U.S. refining capacity largely unchanged as of January 2025 ›

According to our latest annual Refinery Capacity Report, U.S. operable atmospheric distillation capacity, the primary measure of refinery capacity, totaled 18.4 million barrels per calendar day (b/cd) on January 1, 2025—essentially flat compared with last year. More ›

U.S. refinery atmospheric distillation capacity of Jan 1

Data source: U.S. Energy Information Administration, Refinery Capacity Report

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