You are here

Global energy costs to decline despite oil price rise: World Bank

China will be an important factor driving global energy demand given the "rebalancing" of its economy

BT_20150723_OIL_1787372.jpg
The World Bank "nudged up" its 2015 forecast for crude oil prices from US$53 in April to US$57 per barrel.

Tokyo

GLOBAL energy costs in 2015 are likely to be almost 40 per cent below those of last year on average despite a recent sharp uptick in oil prices, the World Bank said on Wednesday in its latest Commodity Markets Outlook report.

China will be an important factor driving global

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom