BAKU, Azerbaijan, December 26. The US Energy Information Administration (EIA) predicts that Eurasia's oil production in 2024 will be 13.63 mb/d, Trend reports.
Specifically, the region's output is anticipated to be 13.63 mb/d in the first quarter of 2024, experiencing a slight dip to 13.62 mb/d in the second quarter of 2024, further decreasing to 13.6 mb/d in the third quarter of 2024, and rebounding to 13.67 mb/d in the fourth quarter of 2024.
Russia, as the largest producer in the region, is expected to slightly decrease its liquids output from 10.75 mb/d expected in 2023 to 10.72 mb/d in 2024. In 2022, the country's oil supply stood at 10.97 mb/d, as per the EIA estimations.
Kazakhstan here ranks second among the largest producers in the region with the expected output of 1.91 mb/d in 2024 - down from 1.92 mb/d in 2023. In 2022, Kazakhstan produced some 1.83 mb/d.
Overall, Eurasia's liquids production for the whole year is forecast to decline from 13.69 mb/d estimated in 2023, and 13.84 mb/d in 2022.