Middle East Economic Survey

VOL. LI

No 4

28-January-2008

SUPPLY/DEMAND

CGES Predicts Oil Demand Growth Of 400,000 B/D In 2008

The Centre for Global Energy Studies (CGES) predicts that worldwide oil demand growth will decline in 2008 to 400,000 b/d, in contrast with the IEAs comparatively buoyant recent forecast of a 2.0mn b/d increase (MEES, 21 January). CGESs latestMonthly Oil Report, published on 21 January, says: The CGES reference case continues to be based on weak global oil demand growth...