Middle East Economic Survey

VOL. XLIX

No 5

30-January-2006

SUPPLY/DEMAND

CGES Sees No Need For OPEC Supply Cut To Support PricesOPEC oil production has fallen by more than 400,000 b/d since November because of disrupted supplies from Iraq and Nigeria, and the need for OPEC to cut output to support prices has receded, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 23 January, CGES says: A combination of cold December weather in North...