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Posts Tagged ‘Oil price’

World Oil Price to Double by 2022 – IMF Report

Posted by Ram Kumar Shrestha on May 15, 2012

World oil prices may double in the next decade with a disastrous effect on the global economy

World oil prices may double in the next decade with a disastrous effect on the global economy

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World oil prices may double in the next decade with a disastrous effect on the global economy according to a report commissioned by the IMF, The Telegraph reported on Tuesday .

Global oil prices are currently hovering at historically high levels of $110 per barrel but a combination of rising demand and constrained supply could have major consequences for the global economy, the paper said. Read the rest of this entry »

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