Azerbaijan Oil Production Forecast Remains Stable Through 2027
The US Energy Information Administration (EIA) has released its September edition of the Short-Term Energy Outlook, which forecasts Azerbaijan's oil production for 2027.
According to the EIA, Azerbaijan's average daily oil production is expected to reach 520,000 barrels in 2027. This forecast remains unchanged from the agency's August outlook.
The EIA expects Azerbaijan's oil production to average 530,000 barrels per day in the first quarter of 2027, followed by an average of 520,000 barrels per day in both the second and third quarters of the year. In contrast, the fourth quarter is projected to see a slight decline in production, with an average of 510,000 barrels per day.
The overall trend suggests that Azerbaijan's oil output will remain stable throughout 2027, with production gradually decreasing towards the end of the year.