Azerbaijan's Oil Production Drops Below Quota in July
Azerbaijan's average daily oil production fell to 453,000 barrels in July this year, according to OPEC's monthly update cited by Report. This marks a decrease of 4,000 barrels per day compared to June.
The actual production was below the country's quota under the OPEC+ agreement for 2026, which stands at 551,000 barrels per day. As a result, Azerbaijan produced 98,000 barrels per day less than its quota in July.