Middle East Economic Survey

VOL. XLVIII

No 30

25-July-2005

CGES Sees Changed Relationship Between Oil Prices And Stock Cover

The historical relationship between oil prices and forward stock cover has altered, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 18 July, CGES says: With Dated Brent testing $60/B in recent days, there seems to be no let up in the markets pursuit of higher oil prices. Yet the supply and demand figures point to a...