Azerbaijan’s Central Bank reveals forecast for oil, gas prices for 2024-2025

The Central Bank of Azerbaijan (CBA) predicts the average price of one barrel of oil at the level of $85.7 in 2024, Taleh Kazimov, chairman of the CBA, said at a press conference, Report informs.

Meanwhile in 2025, the average price of one barrel of oil is expected to be $83.5, he said.

"Also, gas prices are set at $281 per 1,000 cubic meters for this year, and $299 for next year," Kazimov added.