Middle East Economic Survey
VOL. XLVIII
No 30
25-July-2005
Tighter Fundamentals Will Underpin Higher Oil Prices
The following is the Executive Summary of Higher Oil Prices: Causes And Consequences 2005 published recently by Energy Intelligence Research (www.energyintel.com). Its authors areSharif Ghalib and David Knapp.
The global oil market appears to have experienced a structural change since early 2004 that has unexpectedly lifted the global price of oil to a sharply higher level, to an average...
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