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- The IMF has revised its forecast for oil
The IMF has revised its forecast for oil
Experts of the International monetary Fund (IMF) revised upward the forecast of world oil prices for 2020 - by $0.09 to $58.03 per barrel, according to the January report of the IMF.
At the same time, the average price of a barrel of oil for 2021 is expected to be $55.31 per barrel, and last year, according to the Fund, it was $60.62.
Earlier in January, the World Bank (WB) suggested that the average price of oil will "slightly decrease" in 2020 and reach $59 per barrel in 2021. As indicated in the organization's January report, in 2019, the average cost of oil was $61 per barrel.
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