Middle East Economic Survey

VOL. LI

No 51-52

22/29-Dec-2008

OIL PRICES/SUPPLY/DEMAND

Moodys Sees Oil Industry Stable Despite Downturn, Forecasts $50/B Crude Price For 2009

Moodys Investors Service said its outlook for the global integrated oil industry remains stable despite the recent steep decline in energy prices in response to worsening global economic conditions and weakening demand. In the December 2008 issue of its Industry Outlook, Moodys said strong results during the first nine months of...