Middle East Economic Survey

VOL. XLVIII

No 18

2-May-2005

CGES Sees High Oil Prices Persisting Despite OPEC Supply Pledge

High oil prices look set to persist despite OPECs promise of more supply and the first tentative signs of the negative impact of high prices on oil demand growth, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 25 April, CGES says: With things as they are, the outlook for the latter part of the year remains tight. Fear...