The analysis found this year's downward trend in the oil price due to increased production, falling demand in China and the move to clean energy will continue even if the Middle East conflict worsens.
It predicts the global supply of oil will exceed demand by an average of 1.2m barrels per day (bpd), pushing prices down from an average of $80 a barrel for Brent crude this year to $73 a barrel in 2025 and $72 in 2026.
The World Bank said this would push the average price of global commodities, including food and metals, to a five-year low.
Bu hikaye The Guardian dergisinin October 30, 2024 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin October 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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