Middle East Economic Survey
VOL. LII
No 29
20-Jul-2009
OPEC Faces Third Straight Year Of Falling Call On Its Crude
Demand for OPEC crude will fall for the third successive year in 2010, notes OPEC in its latest Monthly Oil Market Report (MOMR). This year is likely to register a massive 2.3mn b/d rout in the call for OPEC crude, says the MOMR, but an anticipated rebound in global economic growth should limit the fall in the call to 400,000 b/d next year. But projections are riven with...
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