Middle East Economic Survey


No 1


Oil Investment Required But Problematic, Says CGES

The cold snap in northeast US in 1H December triggered a modest price rebound led by heating oils, reminding us that winter has just started, according to Londons Centre for Global Energy Studies (CGES). Despite the recent price fall, CGES latest Monthly Oil Report, published on 17 December, warns: The shortage of upstream, shipping and downstream oil capacity persists, being a...