Middle East Economic Survey
VOL. LII
No 16
20-Apr-2009
SUPPLY/DEMAND
CGES Says Oil Producers Ignore Investment In Production Capacity At Their Peril
The oil industry does not need a price of $75/B in order to invest in new capacity, although it would prefer crude prices at that level, Londons Centre for Global Energy Studies (CGES) said in the latest issue of its Monthly Oil Report (MOR), published on 13 April. Once oil companies have secured more reasonable prices from service providers, they will...
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