Middle East Economic Survey

VOL. LI

No 21

26-May-2008

OPEC/SUPPLY/DEMAND

CGES Warns Of Faltering Non-OPEC Oil Supplies

The world needs more crude oil to meet demand and restore inventories, but non-OPEC supply is faltering, according to the Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 19 May, CGES Warns: Additional supplies from non-OPEC oil producers have already begun to lag well behind expectations, with non-OPEC oil production in 1Q08 estimated to be...