Azerbaijan's Oil Output Misses Target Again
Azerbaijan's oil production remained steady in July 2026, averaging 440,000 barrels per day, according to the International Energy Agency (IEA). This figure is unchanged from June. The IEA analysts noted that Azerbaijan's oil production fell short of its OPEC+ agreement target by 110,000 barrels per day.
The OPEC+ agreement sets a quota for Azerbaijan's oil production at 551,000 barrels per day for the year 2026.