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Fitch forecasts average of Azerbaijani oil prices for 2023

Oil&Gas Materials 12 January 2023 20:00
Trend News Agency
Fitch forecasts average of Azerbaijani oil prices for 2023

BAKU, Azerbaijan, January 12. Fitch Solutions expects that the average price for Azerbaijan's oil to reach $95 a barrel in 2023, Trend reports via the agency.

Fitch predicts that the price will average $95 compared to $102 per barrel in 2022, and the price of natural gas will decrease from an average of 133 euros in 2022 to 125 euros.

"We believe that energy prices will still remain above pre-pandemic levels, and the Azerbaijani economy will only profit from this," said the agency.

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