Middle East Economic Survey

VOL. XLVIII

No 4

24-January-2005

Shihab-Eldin Says Oil Markets Remain Adequately Supplied

Oil markets remain adequately supplied with crude, despite supply concerns and the expectation of colder weather in the northern hemisphere, OPEC Acting Secretary-General, 'Adnan Shihab-Eldin said on 14 January in a statement. He noted that until recently, oil prices had moved lower, with mild winter weather and ample OPEC supply of close to 30mn b/d over the last three months of...