Updated

The U.S. Energy Information Administration forecasts Alaska crude oil production will rise by 60,000 barrels per day, or 13%, in 2027, according to its Today in Energy report published November 12, 2026. The agency expects a 23,000 barrel per day increase in 2026 before the 2027 gain, with output reaching a forecast 505,000 barrels per day, the most since 2014. Growth is being driven by two projects on Alaska's North Slope after decades of decline.