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EIA: Alaska's crude oil production is expected to reach 505,000 barrels per day in 2027, a year-on-year increase of 13%
In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) projects that, driven by two projects on the North Slope, Alaska's average daily crude oil production will increase by 23,000 barrels (a 6% gain) in 2026, and by another 60,000 barrels (a 13% gain) in 2027 to reach 505,000 barrels, marking the highest level since 2014. These figures are production forecasts rather than realized output gains.
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