Middle East Economic Survey


No 16



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...