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Azerbaijan’s Central Bank shares forecasts for oil and gas prices
Finance
- 01 November, 2024
- 08:52
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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
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