Baku 15° C
IMF predicts rise in oil prices
Energy
- 26 January, 2021
- 13:39
Oil prices will rise by more than 20% this year, Report informs with reference to the International Monetary Fund (IMF) World Economic Outlook released on January 26.
Reflecting the projected global economic recovery, oil prices are expected to rise more than 20% in 2021 compared to the 2020 low base level but will remain much lower than in 2019.
Prices for commodities other than oil are also expected to rise. Metal prices are forecast to increase sharply in 202, according to the outlook.
Author
Latest News
15:28
Mustafayev, Galuzin mull Baku-Moscow relations
Foreign policy15:15
Photo
President of Azerbaijan Ilham Aliyev receives delegation from United Arab Emirates
Foreign policy15:12
Tanker loaded with liquefied natural gas leaves Gulf for first time since early March
Energy15:01
Ukraine extends martial law for 90 days
Other countries14:49
Iranian police arrest individuals accused of espionage using Starlink devices
Other countries14:37
Ukraine's General Staff confirms strike on Tuapse Refinery
Other countries14:23
EU's top diplomat calls on Southeast Asian countries to seek alternatives to Russian oil
Other countries13:56
Photo
International scientific conference marks 103rd birth anniversary of Zarifa Aliyeva
Health13:43