MOSCOW, October 20. The world Bank lowered its forecast for the average oil price this year to us $ 52/bbl to $ 57/bbl. This is stated in the quarterly world Bank report on commodity markets.
Commercial oil inventories in Saudi Arabia rose to a record 326,6 million barrels
Ministry of energy: artificial reduction in oil production in Russia will have no impact on world prices
IEA: growth rate of world oil demand in 2015 will reach a maximum of 5 years
The forecast for the oil price in 2016 is also reduced to 51 $ /bbl 61 $ /bbl.
The average price of oil in the world Bank’s definition is calculated as the sum of three equally weighted rating average prices for Brent, Dubai Fateh and WTI.
In September, the CBR has lowered its forecast for oil price in 2015 from 60 to 52 dollars/barrel, in 2016 – from 70 to 50 dollars/Barr.