Middle East Economic Survey

VOL. XLVIII

No 30

25-July-2005

Oil Price At Least High $30s/B Or Low $40s/B In Medium Term, Says Energy Intelligence

The global price of oil is likely to be sustained at a level at least in the high $30s/B or low $40s/B or more during the medium-term horizon, and possibly longer, according to a recently published report by Energy Intelligence Research (for details of the report and the full Executive Summary, see page 22). The oil price, the authors say, is highly...