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2016-07-29 19:20:00

WBG: OIL PRICES $53 - $60

WBG: OIL PRICES $53 - $60

WASHINGTON July 28, 2016 – With the oil market entering a new normal of lower prices, the price per barrel is projected to settle in the range of $53 to $60 by 2020, when supply and demand are expected to be in balance.

These developments will have important implications for the economies of the Middle East and North Africa (MENA). According to the World Bank's latest MENA Quarterly Economic Brief, "Whither Oil Prices?" oil producers in the region have been grappling with low oil prices for the past few years. Oil revenues have been falling for the third year in a row with fiscal deficits and debts rising. At the same…

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Tags: WBG, OIL, PRICES

Chronicle:

WBG: OIL PRICES $53 - $60
2019, April, 19, 09:15:00

S.KOREA RENEWABLE ENERGY

South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.

WBG: OIL PRICES $53 - $60
2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.

WBG: OIL PRICES $53 - $60
2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,

WBG: OIL PRICES $53 - $60
2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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