Middle East Economic Survey

VOL. LI

No 51-52

22/29-Dec-2008

OIL PRICES/SUPPLY/DEMAND

CGES Report Says OPEC Faces Pain Vs Gain Scenario

OPECs desire to increase the price of oil will need to be balanced against the current global economic position in order to avoid permanent demand destruction, the Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR), published on 15 December. Released before OPECs meeting in Oran, Algeria, on 17 December, the London-based research...