Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

SAUDI ARABIA

Demand Uncertainty Tempers Saudi Capacity Expansion Plans, Says Deutsche Bank

The uncertainties surrounding future oil demand and consequent oil prices are too great to persuade Saudi Arabia to expand capacity to meet the highest demand forecasts, according to Deutsche Bank. In the Oil & Gas Abacus of 16 May, Deutsche Bank analyst Lucas Hermann observes that IEA and EIA forecasts to 2025 imply that Saudi Arabia would need to...