The World Bank said in a report released this month that world oil prices will be lower for longer due to an imbalance between supply and demand until the end of the decade. “Taking into account the trajectory of futures oil…
Tag: oil price
GCC fiscal adjustment to be gradual: NBK
GCC governments are acting to deal with the impact of lower oil prices but the adjustment process will be slow and gradual, the National Bank of Kuwait (NBK) says in a report released today. “The new low oil price environment has…
Fitch forecasts Brent at $55 a barrel in 2016
For full coverage of Middle East business events, see MEED Fitch Ratings said today that it has forecast Brent blend of crude oil will average $55 a barrel next year and $65 a barrel in 2017. This compares with the Brent blend…
APICORP forum says diversification and subsidy reform are biggest issues
For full coverage of Middle East business events, see MEED Subsidy reform and further economic diversification away from oil and gas are the most critical elements in overcoming the current squeeze on government revenues resulting from a sustained period of…