Commodity

Continued Weakness in Commodity Markets May Signal Long Term Easing of Prices

Posted on by The Editorial Team
Continued Weakness in Commodity Markets May Signal Long Term Easing of Prices

Well-supplied markets are continuing to drive down prices of commodities, across the board, says the latest issue of the World Bank’s Commodity Markets Outlook (CMO), released today. Most indices edged further down during the first quarter of 2015, with food down 7.3 percent, crude oil down 13 percent and metals down 9 percent compared to the fourth quarter of 2014. Prices are expected to stay weak for the rest of this year, with only a…

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Lower oil prices to strain net exporters, offer respite to importers

Posted on by The Editorial Team
Lower oil prices to strain net exporters, offer respite to importers

Lower oil prices will reverse the financial performance of oil exporters and importers in 2015, with exporters’ public finances coming under renewed pressure and importers given some help in reducing their deficits, Moody’s Investors Service says in a report published today. Moody’s report, entitled “Global Oil Price Shock: Challenges for Oil-Exporting Sovereigns, Breathing Space for Importers” is available on www.moodys.com. The impact of cheaper energy means oil exporters face worsening fiscal and external balances, with some…

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