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EIA predicts rise in Middle Eastern oil production by 2025

Economy Materials 13 September 2024 02:31 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, September 13. The US Energy Information Administration (EIA) forecasts that Middle Eastern oil production will reach 3.24 million barrels per day (mb/d) by 2025, Trend reports.

This represents an increase of 0.08 mb/d from an estimated 3.16 mb/d in 2024.

Looking ahead, production is expected to rise gradually. The forecast predicts output will reach 3.16 mb/d in the first quarter of 2025, increase to 3.2 mb/d in the second quarter, and further rise to 3.28 mb/d in the third quarter, peaking at 3.32 mb/d in the fourth quarter of 2025.

Qatar, a major producer in the region, is projected to maintain a steady output of 1.91 mb/d throughout 2025, up from 1.86 mb/d in 2024.

Oman, the second-largest producer, is expected to see gradual growth, with output reaching 1.02 mb/d by the end of 2025, up from an estimated 1 mb/d in 2024.

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