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 ...