Middle East Economic Survey

VOL. LII

No 39

28-Sep-2009

Firm Global Economic Recovery Required For Sustained Upward Price Pressure, Says CGES

OPEC appears to have recognized that there will be little or no sustained upward pressure on oil prices until global economic recovery is firmly established and reviving oil demand begins to draw down bulging oil inventories, the London-based Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report, published on 21 September. The...