EIA keeps Azerbaijan's 2027 oil output forecast unchanged

The US Energy Information Administration (EIA) has kept its forecast for Azerbaijan's daily oil production in 2027 unchanged at 520,000 barrels per day, Report informs, citing the EIA's June Short-Term Energy Outlook.

According to the updated figures, production is expected to stand at 530,000 barrels per day in the first quarter of 2027.

Output is forecast at 520,000 barrels per day in both the second and third quarters of 2027.

In the fourth quarter, the EIA expects average daily production to stand at 510,000 barrels.

The US Department of Energy announced similar figures a month earlier.