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...
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