Bank Of Baku

Azerbaijan's Central Bank reveals its forecast for oil and gas prices

Azerbaijan
# 22 October 2025 12:08 (UTC +04:00)

The Central Bank of Azerbaijan (CBA) has forecast that the average price of a barrel of oil next year will be between 64-65 US dollars. This is 0.6 dollars less than the previous forecast, said CBA Chairman Taleh Kazimov at a press conference dedicated to the discount rate, APA-Economics reports.

The CBA Chairman also announced that they forecast the average price of a thousand cubic meters of natural gas next year at 288 US dollars.

Note that the Central Bank had set the price of gas at 290 dollars in its previous forecast.

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