Middle East Economic Survey
VOL. LII
No 25
22-Jun-2009
SUPPLY/DEMAND/OPEC
OPEC Monthly Report Notes Greater Market Confidence
OPEC observes a greater sense of market confidence in the June issue of its Monthly Oil Market Report (MOMR), projecting an improvement in demand for OPEC crude to 28.68mn b/d during the third quarter of 2009, compared with last months third quarter call projection of 28.63mn b/d. Citing an increase in the price of the OPEC Reference Basket of 14% to $56.98/B in May, the ...
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