Middle East Economic Survey
VOL. LII
No 15
13-Apr-2009
SUPPLY/DEMAND
Gulf Oil Demand Remains Resilient, Says PFC
Demand for crude in the Gulf has remained resilient despite the fact that the global financial crisis has begun to wreak havoc on the regions economies, PFC Energy said in a memo issued on 5 April. Initial data suggests that oil demand in Gulf states has not been affected as severely as in other regions, the report said. Although construction activity in the Gulf continues to move...
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