UNEC forecast of Azeri Light oil: the impact of the COVID 19 pandemic on oil price

UNEC forecast of Azeri Light oil: the impact of the COVID 19 pandemic on oil price
  • Clock-gray 14:14
  • calendar-gray 07 October 2020

Azerbaijan State University of Economics (UNEC) has updated the forecast for Azeri Light oil prices on the world market, APA-Economics reports.

The impact of the COVID 19 pandemic on oil prices has been taken into account in the econometric modeling of Azeri Light oil price on the world market for 2016-2023 in the UNEC forecast.

In 2020, the average annual price of Azeri Light on the world market is projected at $ 48 per barrel.

According to the forecast, in 2021, the average annual price of oil on the world market is expected to be $ 62 per barrel

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