Middle East Economic Survey
VOL. XLVIII
No 23
6-June-2005
Demand Growth Easing But Consumption Will Not Fall, Says Société Générale
The oil market is experiencing a progressive slowing in demand growth, but there is no likelihood of a swing into declining consumption, according to Société Générale (SG). In the Energy Specials report of 24 May, SG analysts Frédéric Lasserre observes: This effect has been at work since July 2004, and as a result, despite significant increases, prices have scarcely...
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