EIA raises Azerbaijan oil output forecast for 2026

The US Energy Information Administration (EIA) has raised its forecast for daily oil production in Azerbaijan in 2026, Report informs, citing the June edition of the EIA's Short-Term Energy Outlook.

According to the updated data, oil production in Azerbaijan is expected to stand at 550,000 barrels per day this year. Last month, the forecast was 540,000 barrels per day.

In the second quarter of this year, daily oil production is forecast at 550,000 barrels, compared with the previous estimate of 540,000 barrels.

Oil production is expected to stand at 540,000 barrels per day in both the third and fourth quarters of this year. In May, the forecast for each of those quarters was 530,000 barrels per day.

In the first and second quarters of 2025, Azerbaijan"s oil production stood at 570,000 barrels per day, while in the third and fourth quarters it was 560,000 barrels per day.

According to the EIA, Azerbaijan"s liquid fuels production averaged 570,000 barrels per day in 2025.