The updated forecast is presented in the following table.
The forecast for the world market price of Azeri Light oil (barrel – dollar)
|
Year |
min | average |
max |
| 2018 | 62.9 | 75.04 | 85.1 |
| 2019 | 81.2 | 86.13 | 91 |
| 2020 | 93 | 97.22 | 104 |
For information the comparison of the previous forecast and facts of the international organizations and UNEC that have given for oil prices in the world market is presented in the table given below.
The actual and forecast price of oil in the world market ( barrel – dollar)
| Organizations | 2016 | 2017 | 2018 | 2019 | 2020 | |||
| forecast | fact | forecast | fact | forecast | forecast | forecast | ||
| World Bank (medium Brand) http://www.worldbank.org/en/ research/commodity-markets |
48.3 | 43 | 55.9 | 53 | 65.0 | 65.0 | 65.4 | |
| U.S. Energy İnformation Administration (medium Brand) https://www.eia.gov/analysis/ projection-data.php#annualproj |
39.3 | 43 | 48.5 | 53 | 54.1 | 58.8 | 75.1 | |
| UNEC (Azeri Light) | 51.5 | 47 | 59.0 | 55 | 75.04 | 86.13 | 97.22 | |