The price of Brent will decline to an average $62 per barrel in the fourth quarter of 2025 and $52 per barrel in 2026, the United States Energy Information Administration (EIA) forecast in its report published on Tuesday. In the prediction, the EIA tied the expected drop to an expected rise in oil inventories. The agency further predicted that crude oil production in the United States will average 13.5 million barrels per day (bpd) in both 2025 and 2026, increasing its forecast for the latter year by 200,000 bpd. The Organization of the Petroleum Exporting Countries and its partners’ (OPEC+) production will remain below announced targets, the EIA projected. The agency also anticipated that non-OPEC countries’ manufacturing capacities will rise by 2 million bpd in 225 and 700,000 bpd in 2026.