BAKU, Azerbaijan, May 11. The US Energy Information Administration (EIA) predicts that Europe's oil and liquid fuels production will reach 4.11 mb/d by 2025, Trend reports.
The agency has upwardly revised its forecast for the region's output for the upcoming year by 0.03 mb/d compared to the previous assessment.
Additionally, the EIA anticipates a slight increase in production compared to the estimated 4.02 mb/d in 2024 and 3.94 mb/d in 2023.
Looking forward to 2025, quarterly projections indicate production levels of 4.21 mb/d in the first quarter, 4.11 mb/d in the second quarter, 4.01 mb/d in the third quarter, and 4.12 mb/d in the fourth quarter.
Norway, serving as the primary producer in the region, is expected to elevate its output from an estimated 2.07 mb/d in 2024 to 2.16 mb/d in 2025. Specifically, projections suggest Norway's oil production to be 2.19 mb/d in the first quarter of 2025, 2.12 mb/d in the second quarter, 2.11 mb/d in the third quarter, and 2.2 mb/d in the fourth quarter.
Meanwhile, the forecast for UK oil output indicates a total of 0.82 mb/d for both 2024 and 2025, according to EIA estimations, compared to 0.79 mb/d in 2023. Quarter-wise breakdowns for 2025 include projections of 0.88 mb/d in the first quarter, 0.86 mb/d in the second quarter, 0.77 mb/d in the third quarter, and 0.78 mb/d in the fourth quarter.
