EIA expects Azerbaijan oil output at 520,000 barrels per day in 2027

The US Energy Information Administration, or EIA, forecasts Azerbaijan's average daily oil production in 2027 at 520,000 barrels per day, Report informs.

This was noted in the August edition of the EIA's Short-Term Energy Outlook report.

The oil production forecast for 2027 remained unchanged compared with the agency's July forecast.

In the first quarter of next year, Azerbaijan's average daily oil production is expected to stand at 530,000 barrels, unchanged from the July forecast.

In the second and third quarters of 2027, daily oil production in Azerbaijan is projected at 520,000 barrels, also unchanged from the previous month's forecast.

The agency also forecasts Azerbaijan's average daily oil production at 510,000 barrels in the fourth quarter of 2027, unchanged from the forecast released last month.