EIA reveals 2026 forecast for oil production in Azerbaijan

The Energy Information Administration (EIA) of the US Department of Energy projects Azerbaijan’s average daily oil production in 2026 to remain steady at 540,000 barrels, Report informs.

According to the EIA's July Short-term Energy Outlook, the forecast remains unchanged from the agency’s June outlook.

In the first quarter of 2026, production is expected to average 550,000 barrels per day.

In the second quarter, the figure is projected at 540,000 barrels per day.

For both the third and fourth quarters, the EIA anticipates daily output will average 530,000 barrels.

All figures are consistent with the agency’s previous monthly estimates.