Middle East Economic Survey


No 39


CGES Says Short Supply And Stockcover Keeping Crude Prices High

The oil market is caught between bearish macroeconomic factors and bullish microeconomic factors in the oil sector itself, the London-based Centre for Global Energy Studies (CGES) stated in its latest Monthly Oil Report, released on 19 September. With economic slowdown spreading from OECD to the BRIC nations and other developing countries, one might expect oil prices to be...