Official Oil
EIA forecasts Alaskan crude oil production to grow 13% in 2027
CEII brief
US Energy Information Administration reported on 12 Nov 2026: EIA forecasts Alaskan crude oil production to grow 13% in 2027.
Read the full story on US Energy Information AdministrationAfter decades of decline, crude oil production in Alaska is growing, driven by two projects on Alaska’s North Slope. In our latest Short-Term Energy Outlook, we expect a 23,000 barrels per day (b/d) (6%) increase in 2026, followed by a 60,000 b/d (13%) rise in 2027.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Original reporting © US Energy Information Administration. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
