The updated UNEC forecast of the world market price for the Azerbaijani oil (Azeri Light)

01 OCTOBER 2018 | VIEWS:
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The UNEC forecast of he Azerbajani oil price (Azeri Light) in the world market has been renewed.

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

 

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