Middle East Economic Survey
VOL. XLVIII
No 26
27-June-2005
OPEC Testing Oil Price Limits, Says CGES
OPEC members seem comfortable in testing the limits to which they can push oil prices without triggering a reaction from consumers, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 20 June, CGES says: OPEC has lost credibility as a guarantor of stable oil prices and its claims that it is doing all it can to ease oil prices are starting to...
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