Middle East Economic Survey

VOL. XLVIII

No 28

11-July-2005

Chinese Demand Fall Not Reflected In Prices, Says SG

Chinese petroleum demand growth has dwindled but the change has not been recognized in oil markets, according to Société Générale (SG). In the Weekly Oils report of 4 July, SG analysts Deborah White and Alexandre Kervinio observe: Last year, the oil market breathlessly watched Chinese oil demand outstrip all seemingly reasonable expectations. This year, we cannot bring ourselves to...