EIA changes forecast on Azerbaijan's oil production
Energy
- 08 July, 2020
- 06:10
Add Report.az to preferred Google sources
Stay up to date with the top news!
The U.S. Energy Information Administration (EIA) has decreased its forecast for Azerbaijan's 2020 average daily oil output by 20,000 barrels to 710,000 barrels, Report informs, citing the EIA's Short-Term Energy Outlook.
Moreover, the EIA forecasts 740,000 barrels a day, down 10,000 barrels from the previous forecast.
The Outlook says the non-OPEC countries such as Azerbaijan, India, Kazakhstan, Columbia, Malaysia, and Egypt will significantly reduce the average volume of the production to 50-100,000 barrels a day this year.
Latest News
00:05
Ukraine discusses postwar recovery and 2027 financing with partners in Brussels
Other countries
23:38
Trump acknowledges Iran war and fuel prices contributed to Republican defeat
Other countries
23:28
Moldova could complete EU accession talks in 2028, government says
Other countries
22:54
Recep Tayyip Erdoğan: I take great pleasure in conveying my most sincere wishes to President Ilham Aliyev
Foreign policy
22:45
Azerbaijani ambassador highlights Croatia"s support for demining efforts
Foreign policy
22:38
Photo
First Vice-President Mehriban Aliyeva, along with her family members, attended symphonic show by internationally acclaimed violinist David Garrett
Cultural policy
22:19
Azerbaijani cookbook published in Bosnian
Foreign policy
21:47
Azerbaijani energy minister begins visit to Ukraine
Energy
21:20
Photo
Baku hosts medal ceremony at World Fire and Rescue Sport Championships
Team sports