Middle East Economic Survey

VOL. XLVIII

No 22

30-May-2005

MEES Agenda

Fourth Quarter Demand Revisions Temper Consensus On Stock Build Policy

Analysts expectations earlier this year that global oil demand in the fourth quarter would mirror the unusual surge seen in 2004 and outstrip available supply have been challenged more recently by views that demand will be softer than previously forecast. In its latest Monthly Oil Market Report, OPEC played down concerns about the gap between its capacity and...