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EIA forecasts Alaskan crude oil production to grow 13% in 2027

Reported · Written up by our desk · Energy

After 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. At a forecast 505,000 b/d in 2027, output would be the most since 2014.

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EIAEIA forecasts Alaskan crude oil production to grow 13% in 2027

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