EIA Reaffirms Stable Oil Production Forecast for Azerbaijan in 2027

The US Energy Information Administration (EIA) has reaffirmed its oil production forecast for Azerbaijan in 2027, indicating stability throughout the year.

According to the EIA's September edition of its Short-Term Energy Outlook, Azerbaijan's average daily oil production is expected to reach 520,000 barrels per day (bpd) in 2027.

The forecast remains unchanged from the agency's August projection and suggests a gradual decrease in output toward the end of the year, with an estimated decline to 510,000 bpd in the fourth quarter.

While the EIA's outlook indicates a stable trajectory for Azerbaijan's oil production in 2027, it does not provide further context or explanations for this projection.