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EIA STEO November 2025: Record U.S. Output and Rising Global Oil Inventories
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EIA STEO November 2025: Record U.S. Output and Rising Global Oil Inventories

The November 2025 edition of the EIA Short-Term Energy Outlook (STEO) provides updated forecasts for global oil supply and demand, U.S. crude production trends, refined product markets, natural gas balances, and energy price expectations through 2026. This month’s report highlights record U.S. oil output, rising global inventories, shifting OPEC+ production dynamics, and a refined outlook on energy consumption across transportation, industrial, and power sectors.

author: Economician

228

published:Nov 13, 2025 10:31

category:commodities

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