Average oil price forecasted for Kazakhstan throughout September 2018 is $50 per barrel
Date: 16:14, 22-02-2017.
Almaty. February 22. Silkroadnews – The average price of oil from the I quarter of 2017 throughout the III quarter of 2018 is projected at $50 a barrel, the National Bank of Kazakhstan states.
“In view of the crude market stabilization, as well as more optimistic consensus forecasts on crude price by the international institutions, the main scenario considered is the optimistic one that projects the oil price to stay at $50 per barrel over the forecast period”, the information released on Wednesday says.
The National Bank of the Republic of Kazakhstan makes forecasts on the key macroeconomic indicators, in particular, inflation, for the medium term (the next 7 quarters) four times a year.
