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Saudi Arabia and its neighbors may face a serious crisis in the near future, Bloomberg columnist David Fickling believes. "The current price war in oil markets will only hasten the moment when the …
The Energy Information Administration (EIA) in its Annual Energy Outlook 2020 projects the price of Brent crude oil to reach $183 per barrel by 2050. That is possible in the case of high costs and fewer easily accessible resources. …
So if there is no information about all the oil in the world, how much faith should one put in global inventory estimates
The Brent oil price will return to $90 per barrel, Saxo Bank said in one of its Outrageous Predictions released today. The bank also said that Russia and the OPEC states will announce a new significant reduction of oil output in 2020. …
Global demand for oil will grow by 6.6 million barrels per day to 103.5 million barrels per day by 2025, the International Energy Agency (IEA) said in an annual World Energy Outlook 2019. It will grow 9.8% to 106.4 …
Russia’s consumer price inflation will be significantly lower than the official forecast of 3.8% in 2019, Economic Development Minister Maxim Oreshkin said. "We see that inflation will be significantly lower …
The International Monetary Fund (IMF) has worsened its Russia’s 2019 growth forecast by 0.1 percentage point to 1.1% following a revision of the average annual oil price forecast, the IMF said in its World Economic Outlook. …
The IMF sharply increased its forecast for Turkey’s economic growth this year but warned the prospects of a sustainable recovery from last year’s currency crisis have dimmed. In a concluding statement published after an …
International rating agency Moody’s has cut its Russia’s 2019 gross domestic product growth forecast to 1.2% from 1.6%, the agency said in the Global Macro Outlook 2019-2020 report. The 2020 forecast was kept at 1.5%. …
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director Fatih Birol said Electric …
Armenia’s population is expected to shrink by 913,000 to 2,039,000 by 2100, the United Nations said in its latest demographic report. The organization’s analysts consider two scenarios – pessimistic and …
The U.S. will become a net oil and oil product exporter in 2021, and will export more oil than Russia by 2024, the International Energy Agency (IEA) said in its new Oil 2019 report. In 2018, the combined production of liquid …
The International Monetary Fund said that Georgia's economic growth is projected to reach 4.6% in 2019. An IMF team led by Mercedes Vera-Martin visited Tbilisi on February 20-26 to discuss recent economic and …
S&P Global ratings agency forecast that another jump in borrowing by governments will take the global mountain of sovereign debt to $50 trillion in 2019. The firm predicted sovereigns will borrow an equivalent of $7.78 trillion …
OPEC cut its forecast for 2019 world oil demand due to slowing economies and expectations of faster supply growth from rivals, underlining its challenge to prevent a surplus even as it starts new production cuts. OPEC said it now …
The European Commission has lowered its forecasts for Brent oil prices in 2019-2020 in its Winter 2019 interim report. Based on futures markets, an average Brent oil price of $61 per barrel is now assumed in 2019 and 2020, according to …
The International Monetary Fund has worsened its Russia’s 2010 gross domestic product growth forecast by 0.2 percentage points and 0.1 percentage point in 2020 to 1.6% and 1.7%, respectively, the IMF said in its World Economic Outlook. …
The World Bank downgraded its global economic growth forecast to 2.9% from 3% in 2019 due to a decline in trade and investment. The World Bank’s January 2019 World Economic Outlook is titled 'Global Economic Prospects. Darkening …
The International Energy Agency (IEA) has improved its forecast for oil price by 6% to $88 per barrel in 2025 and by 0.9% to $112 per barrel in 2040, according to IEA’s World Energy Outlook 2018 report. According to the New …
Ratings agency Moody's predicts global economic growth to slow in 2019 and 2020 to a little under 2.9%, from an estimated 3.3% in 2018 and 2017. Growth in advanced economies will slow but remain solid in 2019, while G20 emerging …
