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Market Speak: EIA trims 2025 forecast; sees Brent plunging to $58 by 2026

09-Jul-25 13:35 Hrs IST

The EIA now expects US crude output to grow by only 160,000 barrels per day in 2025, reaching 13.37 million barrels per day ' a cut of 50,000 barrels from June's forecast. Drilling activity continues to slow, with rig counts near four-year lows. Producers are drawing down on pre-drilled wells, as drilled but uncompleted wells fell to 5,291 in June ' the lowest since tracking began in 2013. The EIA also projects global inventory builds will weigh on prices, pushing Brent down to an average of $58 per barrel by 2026, far below today's $70 level.

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2	01-04-2025	IA	REQUEST FOR PROPOSAL FOR APPOINTMENT OF INTERNAL AUDITORS FOR PERIOD APRIL 2025 – MARCH 2026 - IFCI
3	24-04-2025	IT	RFP for Services of IT Infrastructure Shifting & Configuration	Closed
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5	18-02-2025	IT	RFP for Procurement of HP Server	Closed
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6	07-12-2024	Administration	RFP for office premises on lease at Chennai	Closed
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20	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
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21	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
22	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
23	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
24	24-04-2023	IA	RFP For Appointment Of Internal Auditor iCOM 23-24	Closed
25	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
26	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed