EIA lowers forecast for Azerbaijan’s oil output

Gunel Abbasova
Author

The U.S. Energy Information Administration lowered its forecast for Azerbaijan’s 2020 oil production by 40,000 barrels to 710,000 barrels on average, Report informs, citing the Short-Term Energy Outlook (STEO). 

According to the Outlook, the daily oil production in Azerbaijan is forecasted at 740,000 barrels in 2021, up 10,000 barrels from the previous forecast. 

Other News

Absheron field produced 4.8 BCM of gas 10 July, 2026 / 20:15
Russia sends another batch of propane, fertilizer to Armenia via Azerbaijan 10 July, 2026 / 16:48
IEA raises global oil production forecast for 2026 10 July, 2026 / 14:37
IEA slightly raises global oil demand forecast 10 July, 2026 / 13:57
Azeri Light crude drops to $79.09 per barrel 10 July, 2026 / 10:11
President Ilham Aliyev approves power supply and transit deal with Georgia 09 July, 2026 / 17:53
Azerbaijan, Zimbabwe discuss energy cooperation 09 July, 2026 / 16:29
AzerEnerji, World Bank review progress on AZURE project 09 July, 2026 / 16:14
SOCAR signs MoU with Technip Energies Italy 09 July, 2026 / 13:33
Oil prices rise as Middle East tensions fuel supply concerns 09 July, 2026 / 12:02
Azeri Light crude exceeds $82 per barrel 09 July, 2026 / 09:41
SOCAR discusses energy cooperation with Zimbabwe National Assembly 08 July, 2026 / 16:58
Shahbazov: Azerbaijan strengthens position as reliable partner in green energy 08 July, 2026 / 16:46
Kazakhstan attracts $87.7B into hydrocarbons since 2020 08 July, 2026 / 15:14
Gas prices in Europe rise 5% after Trump's statement on Iran 08 July, 2026 / 13:29
Kvrivishvili: Green energy corridor creates solid basis for regional co-op 08 July, 2026 / 13:28
Brent crude surpasses $78 per barrel 08 July, 2026 / 12:58
Black Sea green energy corridor ministerial meeting underway in Baku 08 July, 2026 / 12:19
Azeri Light crude rises 2.64% to $75.66 per barrel 08 July, 2026 / 10:10
EIA keeps Azerbaijan's 2027 oil output forecast unchanged 07 July, 2026 / 22:46