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: 成人精品一区二区三区中文字幕| 久久99热精品这里久久精品| 中文字幕电影在线观看| 色聚网久久综合| 欧美日韩在线不卡| 国产线视频精品免费观看视频| 亚洲色图综合在线| 两个人看的www视频日本| 色哟哟免费在线观看| 杨幂精品国产福利在线| 国产精品久久99| 亚洲av无码电影网| 日本另类z0zx| 欧美日韩一区二区三区自拍| 国产精品资源在线| 人妻少妇被猛烈进入中文字幕| www成人国产在线观看网站| 男人边吃奶边爱边做视频刺激| 夫妇交换4中文字幕| 又爽又黄又无遮挡的视频| 久久人妻av一区二区软件| 老司机久久精品| 欧美黄色一级视频| 国产精品情侣呻吟对白视频| 亚洲www在线| 韩剧学生的妈妈| 成人毛片在线视频| 免费人成在线观看视频播放| 99热精品久久只有精品| 欧美巨鞭大战丰满少妇| 国模冰莲自慰肥美胞极品人体图| 免费永久国产在线视频| 99视频精品全部在线观看| 欧美日韩亚洲视频| 国产成人精品无码免费看| 久久久久夜夜夜精品国产| 经典三级四虎在线观看| 夜夜爽免费视频| 亚洲黄色网址在线观看| 2021国产精品久久久久| 日韩欧国产精品一区综合无码|