Middle East Economic Survey


No 39



Société Générale: Demand Growth Risk To Downside

Oil prices have fallen by more than $15/B since their highs of early August, and Société Générale (SG) says that analysts explanations of this market correction diverge. In the Oil Drivers report of 18 September, SG analysts Frédéric Lasserre and Deborah White observe: Some read this fall as a major trend reversal, ie the end of four years of continuous bull run. Their call is...