Commodities
EIA Reaffirms Stable Oil Outlook for Azerbaijan in 2027
The US Energy Information Administration (EIA) has released its September edition of the Short-Term Energy Outlook, providing an update on Azerbaijan's oil production forecast for 2027.
According to the EIA, Azerbaijan's average daily oil production is projected to reach 520,000 barrels per day in 2027. This figure remains unchanged from the agency's August estimate.
The forecast also breaks down the expected production levels by quarter: 530,000 bpd in Q1, 520,000 bpd in both Q2 and Q3, and 510,000 bpd in Q4.