Middle East Economic Survey


No 7


Crude Price Slide Halted By US Stockdraw And IEA Forecast Of Tight Market

Crude oil prices eased early last week after OPEC producers indicated they were not considering imminent production cuts. Algerias Energy and Mines Minister Chakib Khelil told reporters on 5 February: We will wait until March before making any output decision. On the same day, OPEC President and Kuwaiti Oil Minister Shaikh Ahmad al-Fahd al-Sabah added that OPEC...