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...
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