The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

World Bank slashes 2016 oil price forecast to $37

Pubdate:2016-01-27 10:20 Source:mcc Click:
WASHINGTON, D.C. -- The World Bank has slashed its forecast for crude oil prices by $14 to $37/bbl for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging markets.
 
In its annual Commodity Markets Outlook, the World Bank lowered its price forecast for 37 of 46 commodities, including oil, saying that weak demand from emerging economies is likely to continue.
 
World Bank economists said weak demand would continue even as oil supply grows with the resumption of Iranian exports, continued U.S. production and a mild Northern Hemisphere winter.
 
Oil prices should decline another 27% in 2016 after plummeting by 47% last year, according to the outlook. The World Bank uses an average of Brent, Dubai and West Texas Intermediate oil, equally weighted.
 
"Low prices for oil and commodities are likely to be with us for some time," said John Baffes, senior economist and lead author of the report.
 
Global benchmark Brent crude was trading around $30.50/bbl late on Monday while U.S. crude dipped just below $30.
 
World Bank economists said they expect a gradual recovery in oil prices over the course of 2016, but the rebound will be smaller than in previous years that followed sharp declines, including 2008, 1998 and 1986.
 
A Reuters poll in January showed that crude oil prices were unlikely to rally much in 2016 because of subdued demand and rising supply, even though non-OPEC output was expected to moderate.
 
Officials of the Organization of the Petroleum Exporting Countries said on Monday the oil market was poised to start rebalancing itself. "We already see some signs that supply and demand fundamentals will start to correct themselves in 2016," said OPEC Secretary-General Abdullah al-Badri.
 
Earlier in January, the World Bank cut its forecast for global economic growth due to the weak performance of emerging economies.
 
All main commodity price indexes are likely to fall in 2016 amid a supply glut and a slowdown in demand for industrial commodities from emerging economies.
主站蜘蛛池模板: 中文字幕乱码中文乱码51精品| 无码人妻精品一区二区三区夜夜嗨| 放进去岳就不挣扎了| 国产小视频在线观看网站| 做暧暧免费小视频| 久久久久成人精品无码| 91手机看片国产福利精品| 网址在线观看你懂的| 日韩视频免费在线播放| 国产欧美久久一区二区| 亚洲码一区二区三区| а√天堂中文最新版地址bt| 课外辅导的秘密在线观看| 欧美性xxxx禁忌| 天天干天天干天天天天天天爽| 国产SM主人调教女M视频| 亚洲AV无码一区二区一二区| 97久久超碰国产精品2021| 精品国产午夜肉伦伦影院| 极品色αv影院| 国产黄网在线观看| 免费a级片网站| 99久久精品日本一区二区免费| 精品国产一区二区三区久久| 女警骆冰被黑人调教免费阅读小说 | 新婚之夜女警迎合粗大| 又粗又硬又爽的三级视频| 久久午夜夜伦鲁鲁片免费无码影视 | 动漫美女和男人羞羞漫画| 久久亚洲色一区二区三区| 草莓视频色版在线观看| 日韩亚洲第一页| 国产欧美一区二区| 久久在精品线影院精品国产| 翁公厨房嫒媛猛烈进出| 日产亚洲一区二区三区| 国产免费拔擦拔擦8x高清在线人| 中文字幕视频网| 男女肉粗暴进来120秒动态图| 成人免费在线观看网站| 四虎www成人影院|