The U.S. Energy Information Administration has forecasted a jump in global petroleum and other liquids supply in the coming years.

The U.S. Energy Information Administration (EIA) has once again confirmed Azerbaijan’s importance in ensuring energy security both at regional and international scale.

On June 8, price of Brent contracts hit above $52 a barrel and on Tuesday, $51 a barrel.

The U.S. Energy Information Administration's (EIA) expects oil production in Azerbaijan to amount to 0.82 million barrels per day (bpd) in 2016 and 0.8 million bpd in 2017.

The US Energy Information Administration (EIA) forecasts that Kazakhstan's oil output will drop from 1.73 million barrels per day in 2015 to 1.71 million barrels per day in 2016 and 2017, according to the EIA Short-Term Energy Outlook April 2016.