IEA: Azerbaijan's daily oil production for October falls below OPEC+ quota

The oil production in Azerbaijan in October of this year was 0.49 million bpd, according to the International Energy Agency's (IEA) monthly report, Report informs.

This figure was at the same level in September.

According to the calculations of IEA analysts, daily oil production in Azerbaijan in October was 0.19 million bpd below the plan of the OPEC+ agreement. The forecast for Azerbaijan's oil production last month was 0.68 million barrels.

As reported, Azerbaijan's oil production quota under the OPEC+ agreement until the end of 2023 is 0.684 million bpd.