Tag: World Bank
World Bank boosts 2017 crude oil forecast to $55 per barrel
Oil forecast up from $53/barrel NEW YORK, Oct 20 (Reuters) – The World Bank raised its crude oil forecast price for 2017 to $55 a barrel on Thursday from $53 a barrel, as it expects an output agreement among the Organization of the Petroleum Exporting Countries (OPEC) to help trim excess supply. Energy prices, which […]
World Bank oil price forecast rises on supply outages, robust demand
World Bank oil price forecast at $43/barrel NEW YORK, July 26 (Reuters) – The World Bank raised its crude oil forecast for 2016 to $43 a barrel on Tuesday, from $41 a barrel, citing supply outages and robust demand in the second quarter. Disruptions in oil supply during the second quarter, including from militant attacks in […]
India to get over $1B from World Bank for Modi’s solar goals
India looks to raise solar capacity nearly 30 times NEW DELHI, June 30 (Reuters) – The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head. Modi is banking on India’s 300 days a year […]
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