EIA keeps Azerbaijan's 2027 oil production forecast unchanged

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

According to Report, the forecast was included in the EIA's September Short-Term Energy Outlook.

The agency left its 2027 production forecast unchanged from its August estimate.

Azerbaijan's average oil production is expected to stand at 530,000 bpd in the first quarter of 2027, unchanged from the previous forecast.

The EIA expects output to average 520,000 bpd in both the second and third quarters, also unchanged from its August estimates.

Average daily oil production is forecast to decline to 510,000 bpd in the fourth quarter of 2027, with the estimate again unchanged from last month.