Middle East Economic Survey

VOL. LIV

No 51

19-Dec-2011

Chinese Demand And Shift In OPEC Role Will Push Crude Prices Higher, Says MRB

Rampant demand for crude oil from China and a fundamental shift in OPECs role will place persistent upward pressure on oil prices during the next five years, a report released by MRB Partners says. Although the immediate outlook for oil prices remains clouded by fears of another sharp retreat in developing market demand, prices are expected to move higher, the...