Commodity Markets Outlook, January 2016
The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. The lower forecast reflects a number of supply and demand factors. These include sooner-than-anticipated resumption of exports by the Islamic Republic of Iran, greater resilience in U.S. production due to cost cuts and efficiency gains, a mild winter in the Northern Hemisphere, and weak growth prospects in major emerging market economies, according to the World Bank’s latest quarterly report.
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| Format: | Report biblioteca |
| Language: | en_US |
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World Bank, Washington, DC
2016-01-27
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| Subjects: | commodity prices, oil prices, forecasts, economic outlook, price forecasts, oil market, global demand, commodity consumption, commodity trade balances, |
| Online Access: | http://hdl.handle.net/10986/23680 |
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