Middle East Economic Survey


No 52


CGES Sees Saudi Arabia Determining Path Of Oil Prices In Short Term

OPEC has once again sought to influence oil prices by agreeing additional output cuts (MEES, 18 December) but has also allowed itself to monitor the market until February, according to the Centre for Global Energy Studies (CGES). The latest Monthly Oil Report, published on 18 December, says: OPECs obsession with output cuts is being driven by its bearish view of the need for...