Middle East Economic Survey

VOL. XLIX

No 5

30-January-2006

OPEC/SUPPLY/DEMAND

OPEC 4Q Data Sees 2005 Oil Demand Adjusted Down, But Outlook For 2006 Still PositiveOPEC has cut world oil demand estimates for full year 2005 by 110,000 b/d in it January Monthly Oil Market Report after incorporating October data and estimates for the remainder of the fourth quarter. OPEC estimated world oil demand growth at 1.1mn b/d, bringing the yearly average to 83.21mn b/d. The report attributed the demand softness...