Middle East Economic Survey


No 9


Short-Term Oil Market Outlook Has Tightened, Says CGES

The short-term oil market outlook has tightened on a combination of rising demand estimates for 2005 and poorer than expected non-OPEC output figures, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 21 February, CGES says: OPEC faces little competition for the supply of the marginal barrel, making it very easy in the short...