Baku 22° C
European Commission raises outlook for average annual oil price for 2022-2023
Energy
- 14 July, 2022
- 11:18
Add Report.az to preferred Google sources
Stay up to date with the top news!
The European Commission raised its forecast for the average annual oil price for the current year to $108 per barrel, Report informs, citing EC's summer economic forecast.
According to forecasts, in 2023 the price of oil is expected at $96 per barrel compared to the previous spring forecast.
Oil prices are expected to average $108/bbl in 2022 and $96/bbl in 2023. This is marginally higher in both years than expected in the spring, but significantly higher than $71/bbl in 2021, the document reads.
Author
Latest News
17:53
OIC should play more serious role in resolving differences, Iranian FM says
Region
17:35
Japan PM Takaichi's support rate falls below 50%
Other countries
17:15
Photo
Participants of Falcons Meet – 2026 exercise visit Military Trophy Park
Military
16:55
British ambassador hopes for further strengthening of partnership with Azerbaijan
Foreign policy
16:35
Belgium congratulates Azerbaijan on occasion of Day of Restoration of Independence
Foreign policy
16:23
Erdogan's congratulatory message to Ilham Aliyev: Together in joy and sorrow
Foreign policy
16:00
Rezaei says Iran has prepared new military plan for any fresh attack
Region
15:39
Ambassador of Ukraine congratulates Azerbaijan on anniversary of restoration of its independence
Foreign policy
15:23
Latvia congratulates Azerbaijan on anniversary of restoration of its independence
Foreign policy