EIA predicts decline in oil production in Azerbaijan in 2026

The US Energy Information Administration (EIA) forecasts Azerbaijan's average daily oil and condensate production in 2026 at 610,000 barrels, which is 10,000 barrels lower than January's figure, Report informs referring to EIA.

According to the administration, production in the first quarter will be 630,000 b/d, in the second quarter 620,000 b/d, in the third quarter 610,000 b/d, and in the fourth quarter 600 million b/d.

The decrease was only observed in the forecast for the fourth quarter by 10,000 b/d.