Middle East Economic Survey

VOL. XLIX

No 8

20-February-2006

SUPPLY/DEMAND/OPEC

Deutsche Bank Sees Tight Oil Market In 2006, With Doubts Over Some OPEC Supplies

The oil market is expected by Deutsche Bank to remain finely balanced this year, as global demand increases by 1.7mn b/d following a 1.2mn b/d increase in 2005. In the Integrated Oils report of 10 February, Deutsche Bank analysts Lucas Herrmann, Christyan Malek and Dave Thomas say: The fundamental supply and demand drivers in the oil markets...