Oil
World Bank sees Brent crude falling to $79 in 2027
CEII brief
BusinessDay reported on 30 Oct 2026: World Bank sees Brent crude falling to $79 in 2027.
Read the full story on BusinessDayThe World Bank has projected that Brent, Nigeria’s benchmark crude oil prices will fall to an average of $79 per
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © BusinessDay. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
