EIA releases Azerbaijan oil production forecast for 2025

The US Energy Information Administration (EIA) of the Department of Energy forecasts Azerbaijan's average daily oil production in 2025 at 640,000 barrels, which matches the September forecast, according to the October issue of the EIA Short-Term Energy Outlook, Report informs.

The average daily oil production in the country for the first quarter of next year is expected to be 620,000 barrels (matching the September forecast), in the second quarter at 630,000 barrels (10,000 barrels per day or 1.57% less), and in the third and fourth quarters at 650,000 barrels (10,000 barrels per day or 1.52% less).