Central bank forecasts oil at $64 per barrel, gas at $269 per 1,000 cubic metres

The central bank forecasts the average oil price at $64 per barrel and natural gas at $269 per 1,000 cubic metres, the head of the Central Bank of Azerbaijan said.

According to the forecast, in 2027 the average oil price is expected to stand at $65 per barrel, while gas prices are projected at $254 per 1,000 cubic metres.

The estimates are based on the baseline macroeconomic scenario and reflect current trends in global energy markets.

N.Tebrizli