Commodity Markets Outlook, January 2015
Broad-based commodity price declines occurred in the second half of 2014. Crude oil prices declined the most, down 55 percent to $47 per bbl (barrel) in early January, from a high of $115 per bbl in late-June 2014, bringing an end to a four-year pe...
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| Format: | Working Paper |
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Washington, DC
2015
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| Online Access: | http://hdl.handle.net/10986/21348 |
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okr-10986-213482017-12-14T08:48:23Z Commodity Markets Outlook, January 2015 World Bank Group AGRICULTURAL COMMODITIES AGRICULTURAL CROPS AGRICULTURAL PRICE AGRICULTURAL PRICES AIR-DRY ALUMINUM PRICES APPROACH AUCTIONS AVERAGE PRICE BALANCE BARREL BARREL OF OIL BARRELS PER DAY BIRDS BORDER PRICE BRANDS CO2 CO2 EMISSIONS COAL COAL LIQUEFACTION COCOA PRICES COFFEE PRICES COMMODITY PRICE COMMODITY PRICES CONSUMPTION OF OIL CONVENTIONAL OIL COTTON PRICES CRUDE OIL CRUDE OIL PRICE CRUDE OIL PRICES CRUDE OIL PRODUCTION CRUDE OIL SUPPLIES CRUDE PRICES DEMAND GROWTH DRILLING EMISSIONS ENERGY CONSUMPTION ENERGY ECONOMICS ENERGY INFORMATION ADMINISTRATION ENERGY INTENSIVE ENERGY MARKETS ENERGY PRICE ENERGY PRICES ENVIRONMENTAL IMPLICATIONS ETHANOL EXTRACTION FAIR FUEL FUEL COST FUEL DEMAND FUEL PRICES FUELS GAS PRODUCTION GLOBAL ENERGY CONSUMPTION GLOBAL LEVEL GOLD PRICES GROSS DOMESTIC PRODUCT HIGH ENERGY INTENSITY INCOME INFLATION INTERNATIONAL ENERGY AGENCY INVENTORIES LIQUEFACTION LNG MARGINAL COST MARKET ANALYSIS MARKET DEVELOPMENTS MARKET PRICES MARKET SHARE MILLION BARRELS MILLION BARRELS PER DAY NATURAL GAS NATURAL GAS MARKET NATURAL GAS MARKETS NATURAL GAS PRICES NITROGEN OIL OIL CONSUMPTION OIL DEMAND OIL EQUIVALENT OIL EXPLORATION OIL FUTURES OIL IMPORTERS OIL INDUSTRY OIL MARKET OIL MARKET REPORT OIL MARKETS OIL OUTPUT OIL PRICE OIL PRICE BAND OIL PRICE CHANGES OIL PRICE COLLAPSE OIL PRICES OIL PRODUCER OIL PRODUCERS OIL PRODUCTION OIL RESERVES OIL REVENUES OIL SUPPLY OILS OPEC PETROLEUM PIPELINES POTASSIUM PRICE CHANGE PRICE CHANGES PRICE FORECAST PRICE FORECASTS PRICE INDEX PRICE INDICES PRICE OF OIL PRICE SUPPORT PRICE VOLATILITY PRIMARY ENERGY PRIMARY ENERGY CONSUMPTION PRODUCTION LEVEL RAW MATERIAL RAW MATERIALS REFINERIES SALE SHALE OIL SOYBEAN MEAL SOYBEAN OIL SPOT PRICE SPREAD STABLE PRICES STOCKS SUBSTITUTE SUBSTITUTE PRODUCT SUBSTITUTE PRODUCTS SUGARCANE SULFUR SUPPLIER SUPPLIERS SUPPLY MANAGEMENT TROPICAL TIMBER VEHICLES WAREHOUSE WHOLESALE PRICE WORLD ENERGY WORLD OIL WORLD OIL DEMAND WORLD OIL DEMAND GROWTH Broad-based commodity price declines occurred in the second half of 2014. Crude oil prices declined the most, down 55 percent to $47 per bbl (barrel) in early January, from a high of $115 per bbl in late-June 2014, bringing an end to a four-year period of high and stable prices. The oil price drop is the third-largest seven-month decline of the past three decades - only the 67 percent drop from November 1985 to March 1986 and the 75 percent drop from July to December 2008 were larger. Agricultural, metal, and precious metal prices weakened as well, down by 6, 8, and 9 percent, respectively, in 2014 fourth quarter (Q4) from the previous quarter. Ample supplies, disappointing global growth prospects, and an appreciating Unites States (U.S.) dollar have all weighed on prices. In oil markets, a sequence of (upward) supply and (downward) demand revisions, along with organization of petroleum exporting countries (OPEC's) abandoning of supply management, have played a pivotal role in the price collapse. 2015-01-26T14:15:17Z 2015-01-26T14:15:17Z 2015-01 http://hdl.handle.net/10986/21348 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: Working Paper Publications & Research |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURAL COMMODITIES AGRICULTURAL CROPS AGRICULTURAL PRICE AGRICULTURAL PRICES AIR-DRY ALUMINUM PRICES APPROACH AUCTIONS AVERAGE PRICE BALANCE BARREL BARREL OF OIL BARRELS PER DAY BIRDS BORDER PRICE BRANDS CO2 CO2 EMISSIONS COAL COAL LIQUEFACTION COCOA PRICES COFFEE PRICES COMMODITY PRICE COMMODITY PRICES CONSUMPTION OF OIL CONVENTIONAL OIL COTTON PRICES CRUDE OIL CRUDE OIL PRICE CRUDE OIL PRICES CRUDE OIL PRODUCTION CRUDE OIL SUPPLIES CRUDE PRICES DEMAND GROWTH DRILLING EMISSIONS ENERGY CONSUMPTION ENERGY ECONOMICS ENERGY INFORMATION ADMINISTRATION ENERGY INTENSIVE ENERGY MARKETS ENERGY PRICE ENERGY PRICES ENVIRONMENTAL IMPLICATIONS ETHANOL EXTRACTION FAIR FUEL FUEL COST FUEL DEMAND FUEL PRICES FUELS GAS PRODUCTION GLOBAL ENERGY CONSUMPTION GLOBAL LEVEL GOLD PRICES GROSS DOMESTIC PRODUCT HIGH ENERGY INTENSITY INCOME INFLATION INTERNATIONAL ENERGY AGENCY INVENTORIES LIQUEFACTION LNG MARGINAL COST MARKET ANALYSIS MARKET DEVELOPMENTS MARKET PRICES MARKET SHARE MILLION BARRELS MILLION BARRELS PER DAY NATURAL GAS NATURAL GAS MARKET NATURAL GAS MARKETS NATURAL GAS PRICES NITROGEN OIL OIL CONSUMPTION OIL DEMAND OIL EQUIVALENT OIL EXPLORATION OIL FUTURES OIL IMPORTERS OIL INDUSTRY OIL MARKET OIL MARKET REPORT OIL MARKETS OIL OUTPUT OIL PRICE OIL PRICE BAND OIL PRICE CHANGES OIL PRICE COLLAPSE OIL PRICES OIL PRODUCER OIL PRODUCERS OIL PRODUCTION OIL RESERVES OIL REVENUES OIL SUPPLY OILS OPEC PETROLEUM PIPELINES POTASSIUM PRICE CHANGE PRICE CHANGES PRICE FORECAST PRICE FORECASTS PRICE INDEX PRICE INDICES PRICE OF OIL PRICE SUPPORT PRICE VOLATILITY PRIMARY ENERGY PRIMARY ENERGY CONSUMPTION PRODUCTION LEVEL RAW MATERIAL RAW MATERIALS REFINERIES SALE SHALE OIL SOYBEAN MEAL SOYBEAN OIL SPOT PRICE SPREAD STABLE PRICES STOCKS SUBSTITUTE SUBSTITUTE PRODUCT SUBSTITUTE PRODUCTS SUGARCANE SULFUR SUPPLIER SUPPLIERS SUPPLY MANAGEMENT TROPICAL TIMBER VEHICLES WAREHOUSE WHOLESALE PRICE WORLD ENERGY WORLD OIL WORLD OIL DEMAND WORLD OIL DEMAND GROWTH |
| spellingShingle |
AGRICULTURAL COMMODITIES AGRICULTURAL CROPS AGRICULTURAL PRICE AGRICULTURAL PRICES AIR-DRY ALUMINUM PRICES APPROACH AUCTIONS AVERAGE PRICE BALANCE BARREL BARREL OF OIL BARRELS PER DAY BIRDS BORDER PRICE BRANDS CO2 CO2 EMISSIONS COAL COAL LIQUEFACTION COCOA PRICES COFFEE PRICES COMMODITY PRICE COMMODITY PRICES CONSUMPTION OF OIL CONVENTIONAL OIL COTTON PRICES CRUDE OIL CRUDE OIL PRICE CRUDE OIL PRICES CRUDE OIL PRODUCTION CRUDE OIL SUPPLIES CRUDE PRICES DEMAND GROWTH DRILLING EMISSIONS ENERGY CONSUMPTION ENERGY ECONOMICS ENERGY INFORMATION ADMINISTRATION ENERGY INTENSIVE ENERGY MARKETS ENERGY PRICE ENERGY PRICES ENVIRONMENTAL IMPLICATIONS ETHANOL EXTRACTION FAIR FUEL FUEL COST FUEL DEMAND FUEL PRICES FUELS GAS PRODUCTION GLOBAL ENERGY CONSUMPTION GLOBAL LEVEL GOLD PRICES GROSS DOMESTIC PRODUCT HIGH ENERGY INTENSITY INCOME INFLATION INTERNATIONAL ENERGY AGENCY INVENTORIES LIQUEFACTION LNG MARGINAL COST MARKET ANALYSIS MARKET DEVELOPMENTS MARKET PRICES MARKET SHARE MILLION BARRELS MILLION BARRELS PER DAY NATURAL GAS NATURAL GAS MARKET NATURAL GAS MARKETS NATURAL GAS PRICES NITROGEN OIL OIL CONSUMPTION OIL DEMAND OIL EQUIVALENT OIL EXPLORATION OIL FUTURES OIL IMPORTERS OIL INDUSTRY OIL MARKET OIL MARKET REPORT OIL MARKETS OIL OUTPUT OIL PRICE OIL PRICE BAND OIL PRICE CHANGES OIL PRICE COLLAPSE OIL PRICES OIL PRODUCER OIL PRODUCERS OIL PRODUCTION OIL RESERVES OIL REVENUES OIL SUPPLY OILS OPEC PETROLEUM PIPELINES POTASSIUM PRICE CHANGE PRICE CHANGES PRICE FORECAST PRICE FORECASTS PRICE INDEX PRICE INDICES PRICE OF OIL PRICE SUPPORT PRICE VOLATILITY PRIMARY ENERGY PRIMARY ENERGY CONSUMPTION PRODUCTION LEVEL RAW MATERIAL RAW MATERIALS REFINERIES SALE SHALE OIL SOYBEAN MEAL SOYBEAN OIL SPOT PRICE SPREAD STABLE PRICES STOCKS SUBSTITUTE SUBSTITUTE PRODUCT SUBSTITUTE PRODUCTS SUGARCANE SULFUR SUPPLIER SUPPLIERS SUPPLY MANAGEMENT TROPICAL TIMBER VEHICLES WAREHOUSE WHOLESALE PRICE WORLD ENERGY WORLD OIL WORLD OIL DEMAND WORLD OIL DEMAND GROWTH World Bank Group Commodity Markets Outlook, January 2015 |
| description |
Broad-based commodity price declines
occurred in the second half of 2014. Crude oil prices
declined the most, down 55 percent to $47 per bbl (barrel)
in early January, from a high of $115 per bbl in late-June
2014, bringing an end to a four-year period of high and
stable prices. The oil price drop is the third-largest
seven-month decline of the past three decades - only the 67
percent drop from November 1985 to March 1986 and the 75
percent drop from July to December 2008 were larger.
Agricultural, metal, and precious metal prices weakened as
well, down by 6, 8, and 9 percent, respectively, in 2014
fourth quarter (Q4) from the previous quarter. Ample
supplies, disappointing global growth prospects, and an
appreciating Unites States (U.S.) dollar have all weighed on
prices. In oil markets, a sequence of (upward) supply and
(downward) demand revisions, along with organization of
petroleum exporting countries (OPEC's) abandoning of
supply management, have played a pivotal role in the price collapse. |
| format |
Publications & Research :: Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Commodity Markets Outlook, January 2015 |
| title_short |
Commodity Markets Outlook, January 2015 |
| title_full |
Commodity Markets Outlook, January 2015 |
| title_fullStr |
Commodity Markets Outlook, January 2015 |
| title_full_unstemmed |
Commodity Markets Outlook, January 2015 |
| title_sort |
commodity markets outlook, january 2015 |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://hdl.handle.net/10986/21348 |
| _version_ |
1764448010856562688 |