World Bank Names 2023 Gas Flaring Rates as Worst in Five Years
Russia named leader in flaring, rates increased in all regions amid declining production. In 2023, associated petroleum gas (APG) flaring rates increased significantly and became the worst in five years, according to the World Bank report. In general, the volume of flared gas increased by 9 billion cubic meters, or …
World Bank: Adjusts Russian Growth Outlook
The World Bank has updated its economic outlook for Russia for 2015 and 2016 to reflect a further decline and increased volatility in global oil prices. The revised outlook is articulated through three scenarios – a baseline, an upper, and a lower- case – based on different oil price assumptions. …