production
Anglo Asian Mining Boosts Silver Output in Azerbaijan by 27% in Q3
British Anglo Asian Mining increased silver production in Azerbaijan by 27.3% in Q3 2026 to 52,969 ounces. Over nine months, growth reached 40.3%.
IEA: Azerbaijan Produced Oil Below OPEC+ Quota in September
In September, Azerbaijan's oil production was 440,000 barrels per day, 110,000 b/d below its OPEC+ quota, according to the IEA.
Azerbaijan's Daily Oil Production Averaged 448,000 Barrels in September
Azerbaijan's average daily oil production in September 2026 was 448,000 barrels, down 6,000 barrels from August and 103,000 barrels below its OPEC+ quota.
EIA: Global Oil Production to Fall 4.7% in 2026, Rise 8.1% in 2027
The U.S. Energy Information Administration forecasts global crude oil production will drop to 75.40 million barrels per day in 2026 and rise to 81.50 million barrels per day in 2027.
EIA Keeps Azerbaijan Oil Output Forecast for 2027
The U.S. Energy Information Administration expects Azerbaijan's oil production in 2027 to average 520,000 barrels per day.
OPEC+ Extends September Quotas into October
Seven OPEC+ countries have kept oil production levels for October unchanged from September, reaffirming their commitment to the deal.
Venezuela's Oil Production Reaches 1.1–1.2 Million Barrels per Day in July
Venezuela boosted oil production to 1.1–1.2 million barrels per day in July, but further growth is limited by a shortage of drilling equipment.
STAR Refinery Diesel Output Up 6.1% in June, LPG Surges 5.5-Fold
In June 2026, SOCAR's STAR refinery increased diesel production by 6.1% and LPG by 5.5 times, while reducing output of jet fuel, naphtha, and coke.
Russia's Gas Production Up 1% in July
Russia's natural gas production in July 2026 reached 47.8 billion cubic meters, up 1% year-on-year, according to Rosstat.
AvtoVAZ Denies Postponement of Mass Production of Lada Azimut to 2027
AvtoVAZ plans to produce several thousand Lada Azimut crossovers by the end of 2026 and 20,000 units in 2027, refuting rumors of a delay.
bp increases Shah Deniz development spending in H1 2026
In H1 2026, bp and partners allocated $1.394 billion in operating expenses and $712 million in capital expenditures to the Shah Deniz field, up from the same period in 2025.
Bimbo QSR Azerbaijan to Produce Burger Buns in Sumgait
Bimbo QSR Azerbaijan LLC has been granted resident status at the Sumgait Industrial Park and will invest 27.5 million manats to produce 150 million buns annually.
EIA Forecasts Azerbaijan Oil Production at 520,000 bpd in 2027
The U.S. Energy Information Administration expects Azerbaijan's average daily oil production to reach 520,000 barrels in 2027.
EIA Keeps Azerbaijan Oil Output Forecast for 2026 Unchanged
The U.S. Energy Information Administration (EIA) has maintained its forecast for Azerbaijan's oil production in 2026 at 550,000 barrels per day.
Uzbekistan Tightens Measures to Stabilize Oil and Gas Market
President Shavkat Mirziyoyev has ordered increased production, reserve building, and uninterrupted supplies amid rising demand.
Iran to Conduct 3D and 4D Geomechanical Studies at South Pars
Iran's Pars Oil and Gas Company plans to conduct 3D and 4D geomechanical studies at the South Pars gas field to manage the reservoir and sustain production.
Turkmenistan Reports Over 1.3 Million Cubic Meters of Gas Per Day from New Caspian Well
A new well at the Magtymguly field in Turkmenistan's Caspian sector is producing over 1.3 million cubic meters of gas and about 130 tons of condensate per day.
OPEC+ to Increase Oil Output by 188,000 bpd in September
Seven OPEC+ countries will raise oil production by 188,000 bpd in September, including a 62,000 bpd quota increase for Russia.
China's NEV Production Up 29.4% in June, Share Reaches 57.5%
In June 2026, China produced 1.624 million new energy vehicles (NEV), up 29.4% year-on-year, accounting for 57.5% of total auto output.
Turkmenistan Increases Grain Production by 11.6% in First Half of 2026
Turkmenistan's grain production rose 11.6% in H1 2026 compared to the same period in 2025, according to the State Statistics Committee.