Middle East Economic Survey


No 1


Downward Pressure From Fundamentals Seen In New Year, Says CGES

Oil market fundamentals have weakened again over the past month, reflecting the fragile nature of the economic recovery in the developed countries, the London-based Centre for Global Economic Studies (CGES) said in its latest Monthly Oil Report (MOR), released on 21 December. Unless something happens to start reducing the stocks of crude oil and refined products (mostly middle...