According to the Bretton Woods institution, the price of crude oil (Brent) is expected to establish an average of $ 84 in a barrel this year, a drop of 16% compared to the average of 2022.
Global courses in basic products are expected to reflect this year at an unprecedented rate since the start of the COVVI-19 pandemic.
This is what emerges from the last edition of the World Bank report on the prospects of basic products markets.
According to the Bretton Woods institution, the prices of basic products should generally drop by 21% in 2023 compared to the past year.
Energy prices should reflect 26% this year. The price of crude oil (Brent) should, on the other hand, be an average of $ 84 in a barrel this year, a drop of 16% compared to the average of 2022.
In Europe and the United States, the prices of natural gas should be divided by two between 2022 and 2023, while those of coal should lose 42% in 2023.
The prices of fertilizers should also fall by 37% in 2023, which would constitute the highest drop over a year since 1974.
Ayhan Kose, assistant chief economist of the BM and director of the Perspective cell, however called on central banks to remain vigilant because “many factors could increase prices and revive inflationary pressures: a more limited oil offer than expected, a resumption of the Chinese economy more consumer of raw materials, an intensification of geopolitical tensions or removable weather conditions.”
