oil exporters face fiscal reckoning

World Bank forecasts crude slide: oil exporters face fiscal reckoning

By historical standards, a Brent crude price of $64 per barrel might not sound alarming. But when seen through the lens of recent trends and the broader global economic landscape, the World Bank’s revised oil price forecast carries a message that policymakers — particularly those in oil-exporting economies — can’t afford to ignore.

According to the Bank’s April update, the average price of Brent crude oil is expected to decline to $64 per barrel in 2025, down from around…

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