Middle East Economic Survey

VOL. XLIX

No 22

29-May-2006

OIL PRICES

$100/B Crude Would Hit Low Products Tax Countries Hardest, Says Société Générale

Despite the IEAs recent reduction in estimated oil demand growth (MEES, 15 May), a crude oil price surge to $100/B is still viewed as a possibility by traders and analysts. In the Oil Drivers report of 22 May, Société Générale (SG) analysts Frédéric Lasserre, Deborah White and Alexandre Kervinio observe: Crude oil prices reaching $100/B could result...