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EIA reduces forecast for oil production in Azerbaijan
Energy
- 11 November, 2020
- 08:30
The US Government's Energy Information Administration (EIA) has changed its forecast for Azerbaijan's average daily oil production in the fourth quarter of this year, Report says, citing EIA's latest Short-Term Energy Outlook - November 2020 record.
According to the new estimate, the average daily oil production will be 690,000 barrels. This is 10,000 barrels less than the previous forecast and 20,000 barrels (3%) more than in the third quarter of 2020.
Compared to the first quarter of 2020 and the fourth quarter of 2019, it is 80,000 barrels or 10.4% less.
Note that in 2020, the average daily oil production in Azerbaijan is projected at 710,000 barrels.
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