Low oil prices and commodities are likely to continue for some time, says a senior economist at the world Bank and author of the forecast John Baffes.
WASHINGTON, 26 Jan –. The world Bank (WB) has lowered the forecast of average oil prices in 2016 with 51 dollars to 37 dollars per barrel, the message of the Bank.
How much will the lifting of sanctions against Iran in the world oil market?
- Almost not affected, and the market is so oversaturated
- The situation will worsen, prices will fall even more
- Affected, but in the long term, when Iran will establish a production
- It will be a blow to oil-producing countries
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