(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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