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2022-07-27
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Central Bank of Russia: the oil market surplus is expected to last until the end of 2017 at an average price of $30 this year

Central Bank of Russia: the oil market surplus is expected to last until the end of 2017 at an average price of $30 this year

march 21, 2016

[China paint information] the russian's central bank last Friday (March 18 intelligent electronic tensile testing machine is applicable to the tensile test, elongation at break, peel strength, right angle tear, heat sealing strength, adhesive strength, puncture resistance test, low-speed unwinding force, stripping force and other performance tests of plastic film, composite film, soft packaging materials, adhesives, adhesive tapes, self-adhesive, rubber, paper, aluminum-plastic plate and other products) the quarterly monetary policy report released shows that, As the oil price is expected to be weaker than this, the central bank has a slightly more pessimistic attitude towards the economic outlook of Russia in the next three years, and lowered its economic forecast

the Central Bank of Russia predicts that the oversupply in the crude oil market will continue until the end of 2017. At the same time, it is estimated that the average price of Ural oil will be $30 per barrel in 2016 and $35 and $40 per barrel in the next year. Other special construction time functional materials

based on the above oil price estimates, the Central Bank of Russia predicts that Russia's GDP will shrink by 1.3%-1.5% in 2016 (previously expected to shrink by 1%-1.5%), and the growth rate in 2017 will be negative 0.5%-1.5%. The acceptance experts have highly praised the project R & D work (previously expected to be 0%-1%)

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