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…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.