EIA sees steady OPEC production growth, supporting Azerbaijan’s revenue planning

The US Energy Information Administration (EIA) recently released its forecast for OPEC’s crude oil production in 2026, projecting an average daily output of 33.76 million barrels. While this represents a modest increase from the 2025 projection of 33.64 million barrels, it underscores a broader trend of gradual growth rather than dramatic expansion. For oil-exporting nations like Azerbaijan, these projections are not merely statistics; they are crucial indicators for economic planning, investment strategies, and long-term fiscal stability.