Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

Market Recognizes Signs Of Demand Slowdown, Says SG

The oil market has finally realized that demand growth is slowing down, according to Société Générale (SG). In the Weekly Oils report of 16 May, SG analysts Frederic Lasserre and Alexandre Kervinio observe: It took the IEA highlighting in its latest report (MEES, 16 May) that Chinese demand had increased by only 4.5% since the beginning of this year for the market finally to accept the...