CBA releases its forecasts for oil and gas prices

The Central Bank of Azerbaijan (CBA) predicts that the average price for 1 barrel of oil on the world market will be $ 85.7 in 2024 and $ 83.5 in 2025. This was stated at a press conference by CBA Chairman Taleh Kazimov. "We expect the average price per 1,000 cubic meters of natural gas to be $281 this year and $299 next year," the chief banker said. Recall that the state budget of Azerbaijan for this year, as well as the...

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