Petrol and food prices will fall over next 2 years: World Bank

By
Ziraat Times
-

Follow Ziraat Times on Whatsapp - Join Now

Petrol and food prices will fall over the next two years due to an oversupply of oil production, the World Bank has said, offering hope to consumers that the cost pressures of the past three years could start to ease.

Its analysis found that this year’s downward trend in the oil price resulting from increased production, falling demand in China and the transition to clean energy is set to continue even if the conflict in the Middle East worsens.

World Bank said the knock-on effect of the tumbling value of oil would be to push down the average price of global commodities, including food and metals, to a five-year low.

From 2024 to 2026, global commodity prices are projected to tumble by nearly 10%. Global food prices are set to fall 9% this year and a further 4% in 2025 before levelling off, the Washington-based development organisation said in its latest commodity markets outlook.

Even so, overall commodity prices will remain 30% higher than they were in the five years before the Covid crisis hit in 2020, the report added.

The report will provide comfort to central banks concerned about the effect of rising prices on average inflation, allowing them to reduce interest rates at a faster pace than previously expected.

The World Bank said it expected the oversupply in 2025 to partly reflect a big shift in China, the world’s biggest manufacturer, “where oil demand has essentially flatlined since 2023 amid a slowdown in industrial production and an increase in sales of electric vehicles and trucks powered by liquefied natural gas (LNG)”.

The oil cartel Opec, which includes Saudi Arabia, Kuwait and Venezuela, has maintained supplies despite the downturn, but cuts to production were unlikely to have the effect of increasing prices.

Other oil producing nations – some of them connected to Opec as affiliates in the Opec+ grouping – were likely to ramp up exports to boost their own revenues.

Opec+, which includes Russia, maintains significant spare capacity amounting to 7m bpd, “almost double the amount on the eve of the pandemic in 2019”, the report said.

“The good news is that the global economy appears to be in much better shape than before to cope with a significant oil shock,” said Ayhan Kose, the World Bank Group’s deputy chief economist.

“That opens up some rare opportunities for policymakers in developing economies: first, declining commodity prices can provide a helpful complement to monetary policy to bring inflation back to targets; second, policymakers have a window to wind back costly fossil-fuel subsidies.”

It predicts the global supply of oil will exceed demand by an average of 1.2m barrels per day (bpd), pushing down prices from an average of $80 a barrel for Brent crude this year to $73 a barrel in 2025 and $72 in 2026.

RELATED ARTICLESMORE FROM AUTHOR

1199 COMMENTS

  233. phmacao phmacao casino or phmacao casino
    http://katiefreudenschuss.de/termin.php?verans%20taltung=sounds+like+heimat&tag=mo&datum=07.11&zeit%20=00%3A00&location=im+tv%3A&stadt=wdr+fernsehen&inf%20o=was+h%FCbsch-h%E4sslich+aussieht%2C+kann+durchau%20s+gut+klingen.+das+m%F6chte+das+wdr-doku-format+%252%206quot%3Bsounds+like+heimat%26quot%3B+beweisen.+mod%20erator+marco+schreyl+schickt+daf%FCr+in+jeder+stad%20t+drei+musiker+auf+die+suche+nach+dem+typischen+kl%20ang+einer+nordrhein-westf%E4lischen+stadt.+zwei+ta%20ge+hat+jeder+von+ihnen+zeit%2C+um+die+stadt+und+ih%20re+bewohner+auf+seine+art+und+weise+kennenzulernen%20+-+um+drei+perfekt+passende+songs+zu+komponieren.&%20url=slotdemo.auction%20%20 phmacao club
    phmacao club phmacao club and phmacao com login phmacao club

  275. pharmacie en ligne france livraison belgique pharmacie en ligne livraison europe or pharmacie en ligne france pas cher
    https://www.google.ms/url?sa=t&url=https://pharmaciemeilleurprix.com Achat mГ©dicament en ligne fiable
    [url=https://clients1.google.com.kw/url?q=https://pharmaciemeilleurprix.com]Pharmacie Internationale en ligne[/url] pharmacie en ligne livraison europe and [url=http://bbs.zhizhuyx.com/home.php?mod=space&uid=12407292]п»їpharmacie en ligne france[/url] trouver un mГ©dicament en pharmacie

  531. п»їbest mexican online pharmacies mexico pharmacies prescription drugs or buying prescription drugs in mexico
    http://chinaboy.psend.com/?a%5B%5D=%3Ca%20href%3Dhttp%3A%2F%2Fmexicanpharmacyacp.com%2F%3E%C3%90%C2%BF%C3%91%E2%82%AC%C3%90%C2%BE%C3%90%C2%B2%C3%90%C2%B5%C3%91%E2%82%AC%C3%90%C2%BA%C3%90%C2%B0%20%C3%91%C5%8D%C3%90%C2%BB%C3%90%C2%B5%C3%90%C2%BA%C3%91%E2%80%9A%C3%91%E2%82%AC%C3%90%C2%BE%C3%91%81%C3%90%C2%BD%C3%90%C2%B0%C3%90%C2%B1%C3%90%C2%B6%C3%90%C2%B5%C3%90%C2%BD%C3%90%C2%B8%C3%91%8F%3C%2Fa%3E mexican rx online
    п»їbest mexican online pharmacies mexican border pharmacies shipping to usa and mexico pharmacies prescription drugs mexican rx online

  535. Ballon — идеальный выбор для азартных РёРіСЂРѕРєРѕРІ.: balloon казино – balloon казино официальный сайт

  542. Баллон — это автомат для настоящих любителей.: balloon game – balloon казино демо

  599. Officiele Kamagra van Nederland kamagra pillen kopen or kamagra kopen nederland
    http://www.kansai-sheet.jp/cgi-local/contact_check.cgi?name=Trevorhox&tantou=&mail=trevoridest%40kamagrakopen.pro&mail2=trevoridest%40kamagrakopen.pro&comment=+Its+such+as+you+learn+my+thoughts%21+You+appear+to+know+so+much+approximately+this%2C+such+as+you+wrote+the+ebook+in+it+or+something.+I+feel+that+you+just+can+do+with+a+few+%25+to+pressure+the+message+house+a+little+bit%2C+but+instead+of+that%2C+this+is+fantastic+blog.+A+fantastic+read.+I+will+definitely+be+back.+buy+cialis+online+%0D%0A+%0D%0Acutting+a+cialis+pill+in+half+cialis+generic+dur%84Ce+d%27effet+cialis+cialis+generic+cialis+reflusso+%0D%0A+%0D%0Ayoung+men+take+viagra+viagra+uk+viagra+cost+compare+viagra+tesco+which+is+best+viagra+livetra+cialis+%0D%0A+%0D%0Acanadian+online+pharmacy+canadian+pharmacies+that+ship+to+us+online+canadian+discount+pharmacy+canada+online+pharmacies+online+pharmacy+reviews&submit=m%81hF%20 Kamagra Kopen
    kamagra gel kopen kamagra kopen nederland and kamagra pillen kopen kamagra kopen nederland

  926. Below we will shed light on the task step-by-step. For all casino lovers, addititionally there is an opportunity to play the most used games from renowned software providers directly from the app. The online Casino section lets you enjoy Lottery Games, Slot Titles, Board Games, and live-mode games like Poker, Blackjack, Roulette, and more. You can also play in real-time with other players and connect to them through the gameplay. Mostbet live betting company has a fairly wide betting line. Batery is a favorite among Indian users as a reliable and widely used platform for Casino games. It offers a wide range of entertainment and favorable bonus offers for all its registered customers. Join Batery and get a generous Welcome Bonus of 500% up to 150,000 INR + 430 FS! Losing is a part of playing any casino game. Just look at the odds and you’ll see they’re almost always in the casino’s favor. That’s why you should never bet more than you can afford to lose, set limits, and stick to them. That’s called responsible gambling, and it’s the best way to keep casino games fun.
    https://nasmategel1980.raidersfanteamshop.com/additional-info
    The other team will score less. It’s also important to trust your instincts. If a site looks unprofessional, has unclear terms, or seems too good to be true, it’s probably best to avoid it. Just as you wouldn’t step into a sketchy casino in the real world, you shouldn’t gamble on a site that doesn’t feel right. To begin playing Plinko for real money, you’ll first need to sign up at a reputable online casino that offers this game. After completing the registration, select a preferred payment method, fund your account, and locate Plinko in the casino’s game selection to start playing. Luckily, you can increase your output of numbers by harnessing the magical powers of over 50 unique items. You can use these items to create diverse and creative solutions to surpass your ever-expanding quotas. Feel that sweet surge of dopamine as the components of your factory synergize to make those numbers big!

  934. best online doctor for antibiotics [url=http://biotpharm.com/#]buy antibiotics over the counter[/url] antibiotic without presription

  936. Cialis generique sans ordonnance [url=https://ciasansordonnance.shop/#]acheter Cialis sans ordonnance[/url] commander Cialis en ligne sans prescription

  938. livraison rapide Viagra en France [url=https://viasansordonnance.com/#]Viagra sans ordonnance 24h Amazon[/url] prix bas Viagra generique

  945. livraison rapide Viagra en France [url=http://viasansordonnance.com/#]Meilleur Viagra sans ordonnance 24h[/url] Meilleur Viagra sans ordonnance 24h

  946. Acheter du Viagra sans ordonnance [url=https://viasansordonnance.com/#]Meilleur Viagra sans ordonnance 24h[/url] Viagra sans ordonnance 24h

  951. Many of the top online casinos in the US provide mobile apps that can be downloaded for iOS and Android devices. That includes BetMGM Casino, DraftKings Casino and FanDuel Casino. All of these mobile apps provide their users with real money slot games. SuperSlots also displays information such as paylines, ways to win, and slot volatility for each game. This way, it’s faster to pick a real money slot you’ll love! With over 100 slots to choose from, and new additions being added regularly, you can constantly enjoy a new experience through the slots every time you log on. Even though real money gaming is not permitted, Chumba Casinio’s coin-based gameplay means you can redeem your winnings from their Sweeps Coins for real prizes. You won’t notice a dramatic difference in the short run when playing online slots with high RTP. Most slot games have wild volatility compared to the average table game. You’ll feel the difference over weeks or months, though, if you’re a regular slots player.
    https://hrgnutricaoanimal.com.br/optimising-session-lengths-in-aviator-for-better-results/
    Choosing which slot machines to play at WinStar Casino can be a daunting task, but by considering factors such as payout percentage, volatility, hit frequency, and bonus features, you can increase your chances of winning. The Wheel of Fortune, Buffalo, Cleopatra, Quick Hit, Willy Wonka, and Dancing Drums machines are among the best options available, but ultimately, the key to success is to manage your bankroll, take advantage of bonus features, and play for fun. At WinStar, our range of gaming options simply can’t be beat. From global plazas to a world-class poker room, we have your need for winning covered! Cleopatra is another popular slot machine at WinStar Casino. This machine features an Egyptian theme and offers players the chance to win big with its high payout percentage and low volatility. Cleopatra also features a free spins bonus round that can be retriggered, offering players even more chances to win.

  988. Playing your favourite casino game from your mobile, benefiting from an increasingly unique and generous welcome bonus or the availability of the Live Dealer versions of table games at a casino online are just some of the ways that the online UK casino has improved over the years. Evolution’s big splash at ICE Barcelona with Ice Fishing live game show and 110-plus new live casino, RNG and slot titles for 2025 Exciting Gameplay in Vegas XPlinko Jackpot The following data may be collected and linked to your identity: The following data may be used to track you across apps and websites owned by other companies: Evolution, the industry-leading B2B solution provider for casino operators, today announced the launch of their live dealer games on Dragon’s Fire This is an optional offer. Visit the Cashier’s Desk at the casino to redeem the offer attached to your package.
    https://crazybikes.co.za/2025/05/28/win-interval-benchmarks-in-aviator-regional-comparison/
    No, this strategy does not guarantee consistent wins. While it may capitalize on streaks and patterns in the short term, Dragon Tiger remains a game of chance where outcomes are ultimately unpredictable. To sum up, Dragon and Tiger game tricks can distinguish between a Dragon’s roar of victory and a Tiger’s whimper of defeat. And always recall the most important scheme of all — play for fun! You do not play the game right if you do not have a good time. We provides the standard code, which saves your time and cost for developing a new Game. Just Buy source code , Rebrand it & Use it. A total of 22 chapters are present in the NCERT textbook for Class 5 EVS. The solutions for questions present in the textbook for all these 22 chapters have been prepared by subject experts at BYJU’s and provided in the links below.

  1023. monuril sans ordonnance pharmacie pharmacie felipil pilule pour chat sans ordonnance or medicament trouble de l Г©rГ©ction sans ordonnance en pharmacie
    http://www.linkwithin.com/install?platform=blogger&site_id=2357135&url=http://pharmacieexpress.shop&email=dell_bernhardt collyre sans ordonnance bГ©bГ©
    sildenafil sans ordonnance en pharmacie medicament sans ordonnance cystite and louer un fauteuil roulant en pharmacie sans ordonnance caudalie eau de rose

  1095. Milhares de cassinos na Internet atendem aos jogadores, enquanto há espaço finito para cassinos físicos. Além disso, você pode se inscrever e jogar em dezenas de cassinos diferentes sem sair de casa. Ambos os benefícios e desvantagens se aplicam a este tipo. Mais opções estão disponíveis, mas localizar o melhor cassino online pode ser um desafio. Não se concentre apenas no bônus que eles oferecem ao procurar um decente. É por isso que você deve escolher Lucky Jet jogo aposta para jogar. Hoje voc pode baixar o Lucky Jet no Android e iOS a partir do 1win Casino. Tudo que voc tem que fazer baixar o arquivo de instalao e logo um atalho para o jogo aparecer na tela do seu smartphone. fcil fazer apostas, retirar os ganhos e testar estratgias. A propsito, o aplicativo contribuir para uma resposta oportuna aos sinais e previses, que so publicados em grupos temticos no Telegrama.
    https://calibratediagnostics.services/review-do-jogo-de-casino-thimbles-da-evoplay-para-jogadores-brasileiros/
    Santa Maria Ucrsm e Smartsoft Gaming ® anunciam uma meia maratona JetX no Brasil. Para os que gostam dos esportes, principalmente corrida, está mais que convidado a participar da meia maratona que acontecerá em conjunto com a Ucrsm e a Smartsoft Gaming. JetX e é um crash game da SmartSoft Gaming mais conhecido como o jogo do foguetinho, que é um jogo muito popular no Brasil devido a ser extremamente divertido e simples de se jogar. Todos os direitos sobre a marca, marca e jogo “JetX” pertencem à SmartSoft Gaming – smartsoftgaming . Cbet JetX tem uma RTP de 97,00% ou seja a cada R$100,00 que joga a expectativa de voltar para o jogador é de R$97,00, e comparado com outros jogos caça-níqueis é um RTP acima da média. Todos os direitos sobre a marca, marca e jogo “JetX” pertencem à SmartSoft Gaming – smartsoftgaming .

  1127. SciELO – Scientific Electronic Library Online A trilha sonora do FC 25 também conta com unanimidades internacionais de todos os gêneros, de Disclosure e Ice Spice ao Kasabian, além de superestrelas como a ganhadora de dois Oscars Billie Eilish, o príncipe do reggaeton J Balvin, o superprodutor britânico Fred again.., a ícone cultural Charli xcx, o promissor rapper japonês JUMADIBA e muito mais. Uma nova música do superfã do FC e rapper polonês MATA, que usou o EA SPORTS FC em seu clipe, também vai estar na trilha sonora. Hoje, estou muito feliz em revelar oficialmente um novo estúdio na família PlayStation Studios. A equipe teamLFG surgiu na Bungie, mas também reuniu desenvolvedores de toda a indústria para dar vida a um ambicioso projeto de incubação que me deixa muito animado. Agora o estúdio está totalmente formado e pronto para ser apresentado ao mundo.
    http://classiccarsales.ie/author/nabfopuga1988/
    Já conhece o b1.bet ou quer saber se é confiável? Para que saiba tudo antes de tomar decisões, temos um artigo sobre o que é mais relevante sobre esta casa. Dessa forma, escolha sites que tiveram o registro aprovado pelo Ministério da Fazenda. Na nossa lista de recomendações, estão listadas apenas plataformas nessas condições, ou seja, que são casas de apostas regulamentadas no Brasil. Entretanto, também é possível verificar diretamente na fonte e saber quais são as plataformas regulamentadas no país. Caso você queira descobrir se uma determinada casa de aposta é legalizada ou não, você pode conferir a lista das bets autorizadas pelo Gov Br disponível no início deste artigo. No momento dessa análise, o B1.bet contava com apenas 5 opções de roletas disponíveis. Entretanto, 3 delas são com dealers brasileiros, o que é sempre um facilitador na comunicação.

LEAVE A REPLY

Please enter your comment!
Please enter your name here