Middle East Economic Survey

VOL. LII

No 7

16-Feb-2009

OPEC

Producers Warn Of Years Of Fallout From Economic Crisis

Months of ever bleaker economic news and the ensuing swathe of major project delays are forcing OPEC producers into a more pessimistic assessment of when oil demand will pick up. Senior OPEC figures, in a series of addresses in London and Houston on 9-10 February, warned of a sustained impact on the oil industry from the current economic crisis and the need for a substantive response...