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: 婷婷综合缴情亚洲狠狠图片| 亚洲日韩精品欧美一区二区一| 丰满人妻熟妇乱又伦精品| 香蕉狠狠再啪线视频| 日韩理论电影在线观看| 国产在线19禁免费观看国产| 久久福利资源网站免费看| 香蕉视频一区二区三区| 日本人与黑人xxxxx18| 国产亚洲婷婷香蕉久久精品| 久久中文骚妇内射| 色8久久人人97超碰香蕉987 | 亚洲色图欧美在线| 99视频免费观看| 欧美日韩国产精品| 国产福利片在线| 久久精品卫校国产小美女| 青娱乐精品视频在线观看| 日日摸日日碰夜夜爽亚洲| 午夜视频体验区| chinese国产在线视频| 欧美色欧美亚洲高清在线观看| 国产精品国产高清国产av| 亚洲av无码专区在线观看成人| 麻豆国产原创剧情精品| 日本丰满熟妇BBXBBXHD| 午夜精品久久久久久久久| aaaaa毛片| 欧美一级特黄乱妇高清视频| 国产成人无码综合亚洲日韩| 久久丝袜精品综合网站| 精品人人妻人人澡人人爽牛牛| 在线看免费毛片| 亚洲va成无码人在线观看| 韩国三级日本三级美三级| 性高湖久久久久久久久| 亚洲精品动漫免费二区| 免费在线观看h| 成人福利在线视频| 亚洲综合无码AV一区二区| 日韩欧美一区二区三区免费看|