Crude oil to average $79 per barrel in 2027 – World Bank

Source: MyJoyOnline · 2026-11-04T15:28:19.000Z · Finance

According to the report, global oil consumption is anticipated to contract by 2.5% in 2026, the third-largest decline on record, after the pandemic year of 2020 and the oil market turmoil of 1980.

This page presents the available publisher summary.