EIA announces 2025 forecast for oil production in Azerbaijan

It is predicted that in 2025, the average oil production in Azerbaijan will be 640,000 barrels a day, Report informs referring to the March release of the Short-Term Energy Outlook report of the Energy Information Administration (EIA) of the US Department of Energy.

The oil production forecast for 2024 is 10,000 barrels, or 1.54%, less than earlier in November.

The average daily oil production in the country in the first quarter of 2025 is expected to be 620,000 barrels, 10,000 barrels, or 1.59%, less than February's forecast, and 20,000 barrels, or 3.34%, more than the forecast for daily oil production in the first quarter of 2024.

In the second quarter of 2025, daily oil production in Azerbaijan is expected to amount to 630,000 barrels, down 20,000 barrels, or 3.08%, from the previous forecast, and 40,000 barrels, or 6.78%, more than the forecast for daily oil production in the second quarter of 2024.

The agency believes that in the third quarter of 2025, the average daily oil production forecast in Azerbaijan will be 650,000 barrels, with a decrease of 10,000 barrels, or 1.52%, compared to the figures predicted in February, and an increase of 50,000 barrels, or 8.34%, by contrast to the forecast for daily oil production in the third quarter of 2024.

In the last quarter of 2025, the forecast for average daily oil production in Azerbaijan will be 650,000 barrels. This is 10,000 barrels, or 1.52%, less than the figures of February, and 40,000 barrels, or 6.56%, more than the forecast for daily oil production in the fourth quarter of 2024.