Middle East Economic Survey


No 26


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...