Baku 25° C
CBA forecasts average oil price at $64 for 2026
Finance
- 22 October, 2025
- 12:37
The Central Bank of Azerbaijan (CBA) expects the average price of oil on the global market to be $64 per barrel in 2026, Report informs.
CBA Governor Taleh Kazimov announced the updated forecast during a press conference dedicated to the bank's latest decision on the interest rate corridor.
He also stated that the average price of natural gas is projected to be $288 per 1,000 cubic meters next year.
For comparison, in its July forecast, the CBA had projected oil to average $64.6 per barrel and natural gas at $290 per 1,000 cubic meters in 2026.
Author
Latest News
22:45
Video
Video from opening ceremony of IsDB Annual Meetings posted on Ilham Aliyev's social media accounts
Foreign policy22:37
CENTCOM lifts blockade of Iranian ports in Strait of Hormuz
Other countries22:26
Photo
Khamenei supports memorandum between Iran and US
Region21:54
Vance says risk of clashes between Israel and Hezbollah remains
Other countries21:49
Kuwait lifts force majeure in oil sector
Energy21:25
Photo
Azerbaijan interested in expanding cooperation with Romania in public finance
Finance21:17
Bank of America lowers Brent forecast ahead of expected reopening of Hormuz
Energy21:12
Azerbaijan, Latvia discuss Baku-Yerevan normalization process
Foreign policy21:07