Baku 6° C
European Commission sharply raises forecast for Brent price
Energy
- 11 February, 2021
- 13:10
The European Commission has raised tangibly its estimate of the average annual price of Brent crude for 2021 and 2022 in its interim winter economic forecast compared to the one published in early November 2020.
Report informs with reference to Prime that, according to the futures markets, an average price of Brent crude is projected at $54.7 per barrel in 2021 and $52.4 per barrel in 2022.
Previously, the European Commission expected $44.6 on average this year and $46.4 in 2022.
Author
Latest News
21:18
Polish, Armenian PMs discuss Yerevan–Baku peace process
Foreign policy21:10
EU extends sanctions on Belarus
Other countries21:00
Azerbaijan, Indonesia discuss strengthening bilateral cooperation
Foreign policy20:51
Azerbaijan's Permanent Mission to UN: Accountability for Khojaly genocide is undeniable
Foreign policy20:45
Photo
Azerbaijan's Economic Council adopts decisions to improve business environment
Business20:35
Leyla Aliyeva meets Patriotic War veteran Ravan Azizov
Domestic policy20:30
Photo
Khojaly genocide victims commemorated at The Hague's Grote Kerk
Foreign policy20:17
Ilham Aliyev: We must and will always be strong so that such tragedies do not happen again
Domestic policy20:11