Free Trial

Azerbaijan’s Jan-Feb Oil Output Fell 5.9% YoY

OIL

Azerbaijan’s crude and condensate production stood at 4.8mn tons in January and February, down from 5.1mn tons in 2023, Energy Minister Parviz Shahbazov said via X.

  • Crude and condensate exports stood at 3.9mn tons in the first two months of this year, down from 4.1mn tons last year.
  • Azerbaijan’s OPEC+ quota is set at 0.55mbpd in 1Q 204. The country produced 0.49mbpd in February, up from 0.47mbpd in January – below its OPEC+ target.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.