Middle East Economic Survey
VOL. XLVIII
No 25
20-June-2005
BPs Davies Sees World Energy Markets In A New Place
Introducing the latest annual BP Statistical Review of World Energy inLondon on 14 June, BP Chief Economist Peter Davies said that tight oil production and refining capacity had taken the market into unknown territory. As David Knott reports, Mr Davies sees no early easing of crude prices, with normal market forces taking a long time to have any impact.
World energy markets are passing...
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