As stated in the January World Economic Outlook (WEO) report prepared by the fund, the average oil price in 2020 will be $ 58.03 per barrel.
This figure is $ 0.09 more than the corresponding forecast in the October IMF report.
“The average oil price in US dollars per barrel was $ 60.62 in 2019, the estimated price based on the futures markets (as of November 12, 2019) is $ 58.03 per barrel in 2020 and $ 55.31 in 2021 year ”, - is indicated in the document.
Earlier, the US Department of Energy raised forecasts for oil production in the country.
RISI expert Ph.D. in Economics, Mikhail Belyaev, in an interview with the FBA “Economics Today” assessed the possible impact of the global raw materials market on the Russian economy.