IMF forecasts oil prices at $60 a barrel in 2023

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“Global oil supply is expected to gradually increase over the forecast horizon,” the IMF said in in its World Economic Outlook report

“Oil prices are expected to average $69.38 a barrel in 2018 (higher than the April 2018 WEO projection of $62.30 and the 2017 price of $52.80 a barrel). Global oil supply is expected to gradually increase over the forecast horizon, lowering oil prices to $68.76 a barrel in 2019, and further to about $60 a barrel in 2023,” the report said.

The Russian Economic Development Ministry earlier included in its budget planning scenarios the situation with oil prices for Urals at $63.4 a barrel in 2019, $59.7 a barrel, and $57.9 a barrel in 2021.

More:
http://tass.com/economy/1025076

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