Commodity Markets Outlook, April 2018
Commodity prices strengthened in the first quarter of 2018. Broad-based price increases were supported by both demand and supply factors. Accelerating global growth lifted demand for commodities, while a number of commodities faced supply constraints. For oil and precious metals, concerns about moun...
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| Autor principal: | |
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| Formato: | Online |
| Publicado em: |
World Bank, Washington, DC
2018
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| Acesso em linha: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/394431618817638734/commodity-markets-outlook-april-2018-oil-exporters-policies-and-challenges https://hdl.handle.net/10986/29721 https://doi.org/10.1596/29721 |
| _version_ | 1866366998113419264 |
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| author | World Bank Group |
| author_facet | World Bank Group |
| author_sort | World Bank Group |
| collection | Publicaciones institucionales emblemáticas |
| description | Commodity prices strengthened in the first quarter of 2018. Broad-based price increases were supported by both demand and supply factors. Accelerating global growth lifted demand for commodities, while a number of commodities faced supply constraints. For oil and precious metals, concerns about mounting geopolitical risk also supported prices. Crude oil prices are expected to average $65 per barrel (bbl) in 2018 (up from $53/bbl in 2017) and remain at $65/bbl in 2019—an upward revision from the October 2017 forecast. Metals prices are expected to increase 9 percent in 2018 and, following three years of relative stability, agricultural prices are expected to gain 2 percent in 2018. Looking ahead, policy actions currently under discussion, such as additional tariffs, production cuts, and sanctions, present risks to the short-term outlook. This edition also analyzes the policies of oil exporting economies in response to the 2014 oil price collapse. It concludes that oil exporters with flexible currency regimes, larger fiscal buffers, and more diversified economies fared better than others. The experience of the past four years is a reminder of the urgent need for greater economic diversification and stronger monetary and fiscal policy frameworks in oil exporters. |
| format | Online Serial |
| id | wb-10986-29721 |
| institution | Banco Mundial |
| publishDate | 2018 |
| publisher | World Bank, Washington, DC |
| record_format | dspace |
| spelling | wb-10986-297212025-04-15T11:58:05Z Commodity Markets Outlook, April 2018 World Bank Group COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE METALS PRECIOUS METALS MINERALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES Commodity prices strengthened in the first quarter of 2018. Broad-based price increases were supported by both demand and supply factors. Accelerating global growth lifted demand for commodities, while a number of commodities faced supply constraints. For oil and precious metals, concerns about mounting geopolitical risk also supported prices. Crude oil prices are expected to average $65 per barrel (bbl) in 2018 (up from $53/bbl in 2017) and remain at $65/bbl in 2019—an upward revision from the October 2017 forecast. Metals prices are expected to increase 9 percent in 2018 and, following three years of relative stability, agricultural prices are expected to gain 2 percent in 2018. Looking ahead, policy actions currently under discussion, such as additional tariffs, production cuts, and sanctions, present risks to the short-term outlook. This edition also analyzes the policies of oil exporting economies in response to the 2014 oil price collapse. It concludes that oil exporters with flexible currency regimes, larger fiscal buffers, and more diversified economies fared better than others. The experience of the past four years is a reminder of the urgent need for greater economic diversification and stronger monetary and fiscal policy frameworks in oil exporters. 2018-04-24T16:09:36Z 2018-04-24T16:09:36Z 2018-04-24 Serial Sériel Serial https://documents.worldbank.org/en/publication/documents-reports/documentdetail/394431618817638734/commodity-markets-outlook-april-2018-oil-exporters-policies-and-challenges https://hdl.handle.net/10986/29721 10.1596/29721 https://doi.org/10.1596/29721 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf World Bank, Washington, DC |
| spellingShingle | COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE METALS PRECIOUS METALS MINERALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES World Bank Group Commodity Markets Outlook, April 2018 |
| title | Commodity Markets Outlook, April 2018 |
| title_full | Commodity Markets Outlook, April 2018 |
| title_fullStr | Commodity Markets Outlook, April 2018 |
| title_full_unstemmed | Commodity Markets Outlook, April 2018 |
| title_short | Commodity Markets Outlook, April 2018 |
| title_sort | commodity markets outlook april 2018 |
| topic | COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE METALS PRECIOUS METALS MINERALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES |
| url | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/394431618817638734/commodity-markets-outlook-april-2018-oil-exporters-policies-and-challenges https://hdl.handle.net/10986/29721 https://doi.org/10.1596/29721 |
| work_keys_str_mv | AT worldbankgroup commoditymarketsoutlookapril2018 |