Middle East Economic Survey


No 22


ESAI Estimates Call On OPEC Crude At Less Than 30Mn B/D Through 2011

Slow demand growth after 2008-09s economic contraction will leave the call on OPEC crude under 30mn b/d through the end of 2011, according to Energy Security Analysis, Inc (ESAI). In its latest Stockwatch Quarterly Review, the Massachusetts-based consultancy said that after a strong bull cycle of tight upstream and downstream capacity over the last five years, the market is...