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Oil, mineral exports expected to recover as commodity prices surge

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9 years ago
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TIRANA, Jan. 26 – A surge in commodity prices is expected to have a positive impact on Albania’s poorly diversified exports for 2017 after an almost zero growth in 2016 and a 5 percent contraction in 2015. In its January 2017 Commodity Markets Outlook, the World Bank forecasts strong gains for industrial commodities such as energy and metals due to tightening supply and strengthening demand. Crude oil prices are forecast to pick up to $55 a barrel for 2017, a 29 percent jump from 2016 while metal prices are expected to register an 11 percent increase, says the World Bank….

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  • Crude oil prices are forecast to pick up to $55 a barrel for 2017, a 29 percent jump from 2016 while metal prices are expected to register an 11 percent increase, says the World Bank

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