Middle East Economic Survey

VOL. XLVIII

No 35

29-August-2005

Little Prospect For Easing Oil Prices Despite Early Signs Of Economic Impact, Says CGES

There is little sign that high oil prices will ease for the remainder of this year or in 2006 unless both upstream and downstream capacity constraints ease, global economic growth slows dramatically, or tensions in oil-producing countries ease, according to the August Monthly Oil Report of the Center for Global Energy Studies (CGES). Continuing oil...