Middle East Economic Survey


No 39


CGES Warns Of High Prices Impacting Future Oil Demand

A dramatic slowdown in oil demand would be required to undermine crude prices, but high oil prices may have already started to undermine oils future market, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 19 September, CGES observes: There is no obvious supply-side route out of the present period of high oil prices. It...