BAKU, Azerbaijan, April 10. The US Energy Information Administration (EIA) predicts that Europe's oil and liquid fuels production will reach 4.08 mb/d by 2025, Trend reports.
This forecast remains unchanged from the previous month's projection.
The EIA expects a slight uptick in production compared to the estimated 4.01 mb/d in 2024 and 3.94 mb/d in 2023.
Looking ahead to 2025, quarterly projections suggest production levels of 4.18 mb/d in the first quarter, 4.08 mb/d in the second quarter, 3.98 mb/d in the third quarter, and 4.09 mb/d in the fourth quarter.
Norway, serving as the primary producer in the region, is anticipated to boost its output from an estimated 2.06 mb/d in 2024 to 2.14 mb/d in 2025. Specifically, projections indicate Norway's oil production to be 2.17 mb/d in the first quarter of 2025, 2.1 mb/d in the second quarter, 2.09 mb/d in the third quarter, and 2.18 mb/d in the fourth quarter.
Meanwhile, the forecast for UK oil output suggests a total of 0.81 mb/d for 2025, according to EIA estimations, compared to 0.82 mb/d in 2024, and 0.79 mb/d in 2023. Quarter-wise breakdowns for 2025 include projections of 0.87 mb/d in the first quarter, 0.85 mb/d in the second quarter, 0.76 mb/d in the third quarter, and 0.77 mb/d in the fourth quarter.