Bond.az White LogoBond.az Black Logo

EIA Raises Azerbaijan Oil Production Forecast

The EIA raised its 2026 oil production forecast for Azerbaijan to 550,000 bpd, with quarterly increases also noted.

Sarah Johnson
BySarah Johnson- Senior Editor
|
0

The US Energy Information Administration (EIA) has updated its oil production forecast for Azerbaijan.

According to Oxu.Az, the forecast was published in the June edition of the "Short-Term Energy Outlook" report.

For 2026, daily oil production is expected to reach 550,000 barrels, up from the previous forecast of 540,000 barrels.

Quarterly forecasts also increased: Q2 at 550,000 bpd (previously 540,000), Q3 and Q4 at 540,000 bpd (previously 530,000).

In 2025, production averaged between 560,000 and 570,000 bpd across quarters.

More News
Today / 09:33
|
435

Penalties for online gambling tightened

Azerbaijani Parliament tightens penalties for online gambling. Virtual gambling, involvement of minors, and organized groups face stricter prison terms.

0
Today / 08:00
|
230

Investment Expenditures Underperformed?

Finance Minister Sahil Babayev commented on the underperformance of investment expenditures last year.

0
Today / 07:30
|
458

Parliament adopts budget execution law

Parliament adopted the law on the execution of the 2025 state budget. Budget revenues exceeded 39 billion manats.

0
Today / 07:03
|
860

Oil prices drop: Brent at $72.26

Oil prices edge lower ahead of Iran-US talks in Doha: Brent at $72.26, WTI at $70.08.

0
Today / 06:30
|
419

Sale of some bulbs banned in Azerbaijan

Starting July 1, Azerbaijan bans sale of incandescent bulbs between 25W and 60W under energy efficiency law.

0
Today / 06:01
|
263

Azerbaijan oil price rises

Azerbaijan oil price jumps 1.66% to $75.6 per barrel. Latest news on Azeri Light crude oil price increase.

0
Yesterday / 22:00
|
619

Why Are Summer Fruits Not Getting Cheaper?

Summer fruits are not getting cheaper despite the season. Economist explains: weather and production costs.

0
Yesterday / 21:02
|
670

New apartments for disabled and martyr families in Yardimli

Yardimli district to provide 32 new apartments to disabled persons and martyr families, with 2.6 million manats allocated.

0
Yesterday / 18:01
|
219

938K manat for Baku school construction

Baku school No. 151 to be rebuilt. Construction and equipment cost 938,755 manat.

0
Yesterday / 17:30
|
827

World Bank allocates $410M for Baku ecology

World Bank allocates $410 million for Baku's environmental improvement. Project covers waste, lakes, and institutional capacity.

0
Yesterday / 13:03
|
851

Rolls-Royce returns to making aircraft engines

Rolls-Royce returns to making aircraft engines after a decade. UltraFan 30 engine designed for Airbus A320 and Boeing 737 MAX successors.

0
Yesterday / 08:31
|
966

Only 1% of Entrepreneurs Use Digital Payments

In Azerbaijan, less than 1% of entrepreneurs use fully digital payments. There is great potential for digitalization in the fintech sector.

0
...
EIA Raises Azerbaijan Oil Production Forecast | Bond.az