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World Bank lowers oil price forecast
Energy
- 09 January, 2019
- 04:32
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Baku. 9 January. REPORT.AZ/ The World Bank (WB) lowered its forecast for the average oil price for the next two years to $67 per barrel, down $4 from its December forecast.
Report informs citing Sputnik International that in December, the World Bank expected oil price to average at $71 per barrel in 2019-2021, in June forecast it predicted $69 per barrel.
"Oil prices are expected to average $67/bbl in 2019 and 2020, $2/bbl lower than June projections; however, uncertainty around the forecast is high," the bank's report says.
Author
Dünya Bankı neftin qiymət proqnozunu aşağı salıb
Всемирный банк прогнозирует падение средней цены нефти в 2019 году до $67 за баррель
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