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EIA announces its forecast on Azerbaijan’s oil production in Q1
Energy
- 07 April, 2021
- 05:50
U.S. Energy Information Administration (EIA) left its forecast for Azerbaijan’s average daily oil production for the first quarter of 2021 unchanged, Report informs, citing Short-Term Energy Outlook – April 2021.
According to the forecast, the average daily production in the first quarter will make up 750,000 barrels, down 20,000 barrels or 2.6% from the first quarter of 2020, up 60,00 barrels or 8.7% from the fourth quarter of 2020.
Azerbaijan’s daily production is expected to be 750,000 barrels in 2021, while the previous forecast was 770,000 barrels.
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