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EIA forecasts Azerbaijan oil output at 540,000 bpd
- 13 May, 2026
- 10:16
The US Energy Information Administration (EIA) forecasts Azerbaijan's average daily oil production at 540,000 barrels per day in 2027, Report informs, citing the agency's May Short-Term Energy Outlook.
The forecast for 2027 remained unchanged compared to the EIA's April outlook.
According to the EIA, Azerbaijan's average daily oil production is expected to reach 550,000 barrels per day in the first quarter of 2027, unchanged from the previous forecast released in April.
In the second quarter of 2027, the country's daily oil output is projected at 540,000 barrels per day, also in line with last month's estimate.
The agency further expects Azerbaijan's average daily oil production to stand at 530,000 barrels per day in both the third and fourth quarters of 2027, unchanged from its earlier projections.
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