Wednesday 27 April 2016

WORLD BANK RAISES 2016 OIL PRICE FORECAST TO $41 PER BARREL

Permanent Secretary, Federal Ministry of Finance, Dr. Mamoud Isa-Dutse (left); Minister of Finance, Kemi Adeosun and Managing Director of the World Bank, Sri-Mulyani Indrawati, during the visit of the bank’s boss to the ministry in Abuja …yesterday PHOTO: NAN Fresh hope of a quicker recovery is on the horizon for cash-strapped Nigeria as the World Bank has raised its 2016 oil price forecast up from the previous level of $37 per barrel to a new height of $41.

The crude oil price at the international market according to the Central Bank of Nigeria (CBN) data yesterday was between $43 and $44 per barrel.

Read more @ The Guardian

No comments:

Post a Comment