The U.S. Department of Energy slightly lowered its forecast for the average price of Brent Crude in 2026, reducing the estimate from $96 per barrel to $94.85 per barrel.

The U.S. Energy Information Administration (EIA) forecasts Azerbaijan's average daily oil production to reach 640,000 barrels in 2025, consistent with the September forecast, according to the October issue of the EIA Short-Term Energy Outlook.

The Energy Information Administration of the US Department of Energy (EIA) has lowered its forecasts for global demand growth for oil and liquid hydrocarbons (LH) due to retrospective adjustments, while the expectations for demand themselves have become higher, says the EIA in its monthly report , News.az reports.