Middle East Economic Survey
VOL. LII
No 9
2-Mar-2009
CGES Says Crude Unlikely To Reach Desired OPEC Price Of $75/B In Current Climate
Despite worsening forecasts for the global economy, the price of crude oil has stabilized at around $40/B since mid-November, the Centre for Global Economic Studies (CGES) noted in its latestMonthly Oil Report (MOR), released on 23 February. And while global demand for crude has fallen rapidly, OPEC supply has fallen faster, removing the over-supply that emerged in...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!