Middle East Economic Survey
VOL. XLIX
No 1/2
2/9-January-2006
MEES Agenda
Demand Growth, Capacity Constraints And OPEC Policy Lead Oil Price Drivers For 2006
Last year crude oil prices soared to all-time highs as a result of capacity constraints, both for crude oil production and refining, at a time of strong demand growth. While both producers and refiners are expanding their output capability, David Knott learns that capacity constraints are expected to remain as a key oil market driver for 2006....
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