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The world Bank raised its forecast of oil prices

Всемирный банк повысил прогноз цены на нефть

The world Bank has raised its forecast for average oil prices this year from 37 to 41 dollars per barrel. Optimism to experts of the financial Institute added the weakening dollar and a more positive mood in the markets.

“We expect higher energy prices during the year, as markets regained balance after a period of excess supply”, — explained in the press release of the WB.

However, experts add, the world Bank, energy prices may in fact fall if the member countries of the Organization of countries-exporters of oil (OPEC) will significantly increase production of black gold, while production in countries outside the oil cartel, will not decrease as fast as expected.

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April 17 in the capital of Qatar — Doha — hosted a meeting of representatives of 18 countries-exporters of oil. The 19th participant in the talks — Iran, which only recently took effect, many years of sanctions ahead of the meeting refused to discuss “freezing” of oil.

The participants of the meeting in Doha failed to agree on a “freeze” level of extraction of raw materials, reminds TASS. Russian energy Minister Alexander Novak said that the agreement was not made due to a change in the position of several countries.

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