World Bank forecasts crude slide: oil exporters face fiscal reckoning

Azernews.Az

2 May 2025 16:58 (UTC+04:00)

Qabil Ashirov

By historical standards, a Brent crude price of $64 per barrel might not sound alarming. But when seen through the lens of recent trends and the broader global economic landscape, the World Bank’s revised oil price forecast carries a message that policymakers — particularly those in oil-exporting economies — can’t afford to ignore. According to the Bank’s April update, the average price of Brent crude oil is expected to decline to $64 per barrel in 2025, down from around...

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