Middle East Economic Survey
VOL. LII
No 40
5-Oct-2009
Société Générale Sees OPEC Output Steady As Recovering Oil Demand Trims Stocks
The broad themes of the oil market outlook are that OPEC will hold crude production steady while recovering oil demand will gradually reduce the inventory overhang, according to Société Générale (SG). In the latest quarterly Commodities Review, published on 25 September, SG observes: Since July, [WTI] crude prices have traded in a $65-75/B range. With high stocks and...
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