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...