Middle East Economic Survey
VOL. LII
No 6
9-Feb-2009
OIL PRICES/SUPPLY/DEMAND
Floating Storage Contributing To Volatile Markets, Says Société Générale
One of the key factors affecting both of the light sweet WTI and Brent marker crudes recently has been floating storage, Société Générale said in its latest issue of Oil Drivers, published on 2 February. The latest reports indicate that volumes may be down to 60-70mn barrels, from a high point of around 80mn barrels, the report said. As the physical...
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