Middle East Economic Survey

VOL. LII

No 26

29-Jun-2009

OIL PRICES/SUPPLY/DEMAND

CGES Says OPEC Should Respond To Rise In Oil Price With Production Increase

OPECs members have the capacity to moderate the rise in oil prices, but are choosing not to do so, the Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR), published on 22 June. Rising oil prices may be delighting OPEC member-countries, but this is to the dismay of many economists who fear that the global economy...