World bank long term oil price forecast

Mar 28, 2020 · Worldwide crude oil prices will average $43.30 a barrel for 2020 and $55.36/b in 2021. That's according to the Short-term Energy Outlook by the U.S. Energy Information Administration.   The price estimate plummeted from last month's prediction of $61/b. World Bank Revises Down Forecasts for Oil Prices, Other ... WASHINGTON, October 20, 2015 –In its latest commodity update, the World Bank is lowering its 2015 forecast for crude oil prices from $57 per barrel in its July report to $52 per barrel. The revised forecast reflects a further slowing in global economic performance, high current oil inventories, and expectations that Iranian oil exports will rise after the lifting of international sanctions Crude Oil Price Forecast: 2020, 2021 and Long Term to 2030 ... According to the long-term forecast from Canada's Energy Regulator issued once a year in 'Canada's Energy Future' publication, the price for Brent crude will be increasing in the next decade to reach $75 per barrel by 2029. Oil price forecasts depend on the interaction between supply and demand for oil on international markets. OIL PRICE FORECAST FOR 2020, 2021, 2022 AND 2023 - Long ...

Nov 07, 2019 · In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020) Reference case, U.S. energy consumption grows more slowly than gross domestic product throughout the projection period (2050) as U.S. energy efficiency continues to increase. This decline in the energy intensity of the U.S. economy continues through 2050.

efficient in the long term,1 that the price forecasts for crude oil provide International Energy Agency, World Energy Outlook (IEA) World Bank Group ( WB). many analytical agencies lower their long-term oil price forecasts. At the same time a Sources: IEA, OPEC, World Bank, PFC Energy, LUKOIL estimates. 16 Feb 2019 The World Bank forecasts global on the sidelines for the World economy Rising oil prices will not be sustained in the long term as oil  26 Jul 2016 “Oil prices jumped 37 per cent in the second quarter of 2016 due to disruptions to The revised forecast appears in the World Bank's latest Commodities players and whether the oil market will rebalance over the long term. 11 Jan 2019 A World Bank Group Flagship Report Global Economic Prospects short-run growth forecasts; it embeds these forecasts in a longer-run view of the oil price futures, S&P 500 equity price futures, and term spread forecasts. 11 Jan 2019 World Bank: Sub-Saharan Africa economic outlook for 2019 Per capita growth is forecast to remain well below the long-term benefitted from an increase in oil production, and oil prices that were higher in most of 2018.

Dec 31, 2019 · Deloitte's oil and gas price forecast takes into account many factors, including futures market trading and historical data. Consideration is also given to global supply and demand as well as the economic outlook of world markets. This information is collected from several sources, including industry publications, exchange markets, and government agencies.

Table 1: Commodity Prices and Price Forecast ... - World Bank Groundnut oil $/mt 1,127 997 799 1,243 1,616 2,019 1,750 1,554 1,485 1,455 1,426 1,397 1,369 1,341 1,209 Palm oil $/mt 766 300 347 798 915 828 757 725 704 683 663 644 625 607 523 Soybean meal $/mt 344 207 212 335 324 434 423 367 321 312 305 297 290 282 248 Soybean oil $/mt 784 463 378 890 1,056 1,017 977 876 821 802 784 767 750 733 654 Analysis & Projections - Energy Information Administration Nov 01, 2019 · Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Search JP Morgan raises oil price outlook, but trims demand ...