Last Update 19:54
Tuesday, 29 September 2020

Institute of International Finance lowers Brent assumption price by $10/bbl

The decline is attributable, the IIF said, to global lowered demand for oil, exposing oil-exporting countries in the Middle East to vulnerabilities

Doaa A.Moneim , Sunday 8 Mar 2020
Views: 1094
Views: 1094

The Institute of International Finance (IIF) lowered Sunday its assumed averaged Brent oil price by $10/bbl, to $54/bbl for 2020.

The IIF attributed its adjustment to global lower demand for oil.

It added that the decline exposes significant vulnerabilities among oil-exporting countries in the Middle East region, especially Oman and Bahrain.

It also said that external and fiscal positions are expected to weaken.

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