The U.S. Energy Information Administration (EIA) stated on Tuesday that domestic crude oil production is still expected to reach a record high of 13.61 million barrels per day this year, despite market concerns over weak oil prices and warnings from drillers about potential output peaks.

According to the EIA's Short-Term Energy Outlook released Tuesday, daily crude production has increased by approximately 380,000 barrels this year. However, as the effects of slowing drilling activity gradually materialize, output is projected to decline by about 80,000 barrels per day next year to around 13.53 million barrels.

The EIA forecasts the benchmark Brent crude to average around $55 per barrel in the first quarter and remain near this level through the rest of 2026. Currently, Brent trades near $62 per barrel.