Commodities
EIA Keeps Azerbaijan Oil Production Forecast at 550k bpd in 2026
The US Energy Information Administration (EIA) has reaffirmed its forecast for Azerbaijan's oil production in 2026.
According to the EIA's September Short-Term Energy Outlook, Azerbaijan's average daily oil production is expected to remain at 550,000 barrels per day (bpd) this year and in 2026. This estimate is unchanged from the agency's previous forecast in August.
The EIA predicts that oil production will average 540,000 bpd in both the third and fourth quarters of 2026, which also matches its previous estimates.