EIA increases global oil production forecast after the opening of the… | HappeningNow.news

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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.

Source AI Summary Published July 7, 2026 Brief Under 1 min brief
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The U.S. Energy Information Administration has revised its forecast for global oil production upwards, citing the recent opening of the Strait of Hormuz.

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