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Bank of Russia raises forecast for average price of Urals oil for 2021

18/02/2021
Bank of Russia raises forecast for average price of Urals oil for 2021

MOSCOW, RUSSIA - MARCH 20, 2020: An outside view of the Central Bank of Russia. The Russian ruble has strengthened against the US dollar and the Euro in Moscow Exchange trading over the decision of the Central Bank of Russia to keep its key interest rate at 6% per annum. As of the morning of March 20, 2020, the Russian ruble has strengthened 1.5% against the US dollar which is trading at 77.98. Gavriil Grigorov/TASS Россия. Москва. Вид на здание Центрального банка Российской Федерации (Банк России). Курс рубля к доллару США в ходе торгов на Московской бирже вырос на 1,5% к уровню закрытия предыдущей сессии, согласно данным на утро 20 марта, доллар торговался на уровне 77,98 рубля. Гавриил Григоров/ТАСС

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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.

Tags: RussiaUrals

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