The Bank of Russia (the Russian Central Bank) has raised its forecast for the average annual price for Urals oil in 2021 to $50 per barrel from $45, Report informs referring to Prime agency
According to the Central Bank’s medium-term forecast, in 2022 and 2023, the average annual price for Urals oil will also be at $50 per barrel.
Earlier, the Central Bank predicted that this indicator in 2022 and 2023 would be $45 and $50 per barrel, respectively.