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EIA's Forecast for Alaska's Oil Boom to Power Energy ETFs
ZACKS· 2025-12-04 17:00
The U.S. Energy Information Administration (EIA) recently issued a bullish forecast for Alaska, predicting that the state’s crude oil production will surge 13% in 2026. This increase is expected to bring the state’s output to the highest level recorded since 2018 and the most significant annual growth rate since the 1980s. For the major oil players in the region — including ConocoPhillips (COP) and ExxonMobil (XOM) — this volume increase translates directly into higher revenues and stronger cash flows. Sinc ...