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.