Middle East Economic Survey

VOL. XLIX

No 22

29-May-2006

OIL PRICES/SUPPLY/DEMAND

CGES Says High Oil Prices Undermining Demand Growth

High oil prices are undermining demand, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 22 May, CGES argues that higher energy prices are sparking fears of rising inflation and higher interest rates, while fuel subsidies in some developing countries have placed an intolerable burden on their governments,...