Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies, ​before falling to around $70 by the end of the year, the Energy Information Administration ‌said in a monthly report.

The Energy Information Administration (EIA) of the US Department of Energy has kept its forecast for Azerbaijan's daily oil production in 2025 unchanged, maintaining previous projections.

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 raised its forecasts for growth in demand for oil and liquid hydrocarbons (LH) in the world in 2024, while simultaneously reducing expectations regarding supply, News.az reports citing Neftegaz.ru .