Fitch also expects growth of China’s GDP by 1.6% this year and slowing of recession in Russia and Brazil. Average oil price will reach $42 per barrel this year, whereas supply and demand balance in the oil market can occur in the second half of 2016. However, the agency didn’t change the forecast for oil prices leaving them at $45 per barrel in 2017, and 55$ per barrel in 2018 respectively.

 

 

 

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