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EIA changes Azerbaijan’s Q2 oil production volume forecast

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The US Energy Information Administration (EIA) has changed its forecast for Azerbaijan’s average daily oil production for the second quarter of 2021, Report informs, referring to Short-Term Energy Outlook – May 2021.

According to the EIA, Azerbaijan’s daily oil production in the second quarter of 2021 will make up 720,000 barrels, which is 10,000 barrels or 1.37% less than April’s forecast.

At the same time, this forecast is up 30,000 barrels or 4.35% from a year earlier.

The daily output in Azerbaijan is forecasted at 740,000 barrels in 2021, while the previous forecast was 750,000 barrels.

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