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UNEC updates forecast of world oil prices for 'Azeri Light' oil



(MENAFN - Trend News Agency ) Baku, Azerbaijan, March 13

Trend:

The UNEC forecast of the Azerbaijani oil (Azeri Light) in the world market has been updated. While making forecast the recent processes happened in the world oil market had been taken into consideration.

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 the 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

Resource: https://www.eia.gov/outlooks/aeo/tables_ref.php

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UNEC updates forecast of world oil prices for 'Azeri Light' oil

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