Baku 25° C
Azerbaijan’s Central Bank shares forecasts for oil and gas prices
Finance
- 01 November, 2024
- 08:52
Add Report.az to preferred Google sources
Stay up to date with the top news!
The Central Bank of Azerbaijan (CBA) predicts that the average price of 1 barrel of oil in the global market will be $81.4 in 2024 and $79.2 in 2025, CBA Chairman Taleh Kazimov said at a press conference, Report informs.
Kazimov also shared the bank's forecast for natural gas prices. The CBA anticipates the average price of 1,000 cubic meters of natural gas to be $290 in 2024 and $340 in 2025, he added.
Meanwhile, the average price of Brent crude, a global benchmark for oil prices, stood at $82.41 in 2023.
The US Energy Information Administration (EIA) projects Brent crude prices to average $82.8 in 2024 and $84.09 in 2025, closely aligning with the CBA's predictions.
Author
Azərbaycan Mərkəzi Bankı neft-qaz qiymətlərinə dair proqnozlarını açıqlayıb
ЦБА обнародовал обновленные прогнозы цен на нефть и газ на 2024-2025гг
Latest News
16:37
Zelenskyy talks on Ukraine-Hungary closer ties following meeting with Magyar
Other countries
16:30
CICA Summit: Azerbaijan stresses sovereignty, justice and fragile peace
Analytics
16:18
Zelenskyy: Ukraine expects to receive funds from frozen Russian assets
Other countries
16:10
Photo
FMs of Azerbaijan, Sri Lanka mull strengthening political dialogue
Foreign policy
16:09
MP: Armenian authorities consistently pursued criminal policy against Azerbaijan
Domestic policy
15:55
Azerbaijan's ICT sector output rises 11.1% in nine months
ICT
15:41
Bochorishvili: Georgia ready to contribute constructively to OSCE
Region
15:37
Mirziyoyev: SOCAR, BP conducting exploration work on six blocks in Ustyurt
Energy
15:27
Political commentator: Azerbaijan promotes dialogue and trust through CICA
Domestic policy