EIA raised its forecast for oil production in Azerbaijan

The U.S. Energy Information Administration (EIA) has raised its forecast for Azerbaijan's average daily oil production for 2026.

This is stated in the June issue of the EIA's "Short-Term Energy Outlook" report.

According to the updated data, oil production in Azerbaijan this year will amount to 550,000 barrels per day (b/d). Last month, the forecast for this indicator was 540,000 b/d.

In the second quarter of this year, oil production is also expected at 550,000 b/d, compared to the previously forecasted 540,000 barrels.

In the third and fourth quarters, production is expected to reach 540,000 b/d. In the May forecast, this indicator for these quarters was estimated at 530,000 b/d.

It should be recalled that in the first and second quarters of 2025, oil production in Azerbaijan stood at 570,000 b/d, and in the third and fourth quarters at 560,000 b/d.

According to EIA data, in 2025 the production of liquid hydrocarbons in Azerbaijan was at the level of 570,000 b/d.