Baku 25° C
UNEC updates 2018 forecast for Azeri Light oil world prices
Energy
- 13 March, 2018
- 10:36
Baku. 13 March. REPORT.AZ/ The UNEC (University of Economy) has updated forecast of the Azerbaijani oil (Azeri Light) in the world market this year. While making forecast the recent processes happened in the world oil market have been taken into consideration.
Report informs referring to the UNEC pres service, the updated forecast is as follows (price for per barrel of oil is indicated in US dollars):
| year | min | average | max |
| 2018 | 52.1 | 65.7 | 81.2 |
| 2019 | 57.3 | 73 | 87.1 |
| 2020 | 59.6 | 75.4 | 88.3 |
The forecast of international organizations for oil prices is presented in the table below (barrel/ dollar) for comparison:
| Organizations | 2018 | 2019 | 2020 |
| The World Bank | 57.6 | 59.5 | 59.3 |
| US Energy Administration | 51.2 | 54.5 | 68.4 |
Author
Latest News
21:29
Azerbaijan's crude oil exports to Bulgaria surge 4.5-fold
Energy21:26
Erdoğan calls on international community to recognize Northern Cyprus
Region21:20
Erdoğan says Türkiye will continue to be voice of Palestine at UN
Region21:15
EU envoys back three-year extension of sanctions on Russia
Other countries21:07
Trump says Washington seeks fundamental changes in Cuba
Other countries21:01
Trump says US continues efforts to end Russia-Ukraine conflict
Other countries20:58
Fatih Birol: Energy security faces unprecedented risks
Region20:42
Video
Trump says Aliyev credited him with Azerbaijan-Armenia settlement
Foreign policy20:33