The Energy Information Administration (EIA) of the US Department of Energy has announced its forecast for average daily oil production in Azerbaijan, APA-Economics reports.
EIA has once again forecast the country's average daily oil production for 2025 at 570,000 barrels.
The agency believes that Azerbaijan’s average daily oil production will slightly decrease next year, dropping to 540,000 barrels. In other words, the EIA has kept its August forecast unchanged.
EIA has also kept its forecast for the country’s average daily oil production in the first quarter of next year unchanged at 550,000 barrels, 540,000 barrels in the second quarter, and 530,000 barrels in both the third and fourth quarters.
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