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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.
Energy BulletsCommodities
Energy BulletsCommodities

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