EIA changes forecast on Azerbaijan's oil production 

EIA changes forecast on Azerbaijan's oil production  The EIA has decreased its forecast for Azerbaijan's 2020 average daily oil output by 20,000 barrels to 710,000 barrels.
Energy
July 8, 2020 10:10
EIA changes forecast on Azerbaijan's oil production 

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. 

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