Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

SUPPLY/DEMAND

Hamli Sees Global Oil Supply Sufficient To Cover 4Q, Early 2006 Demand

UAE Oil Minister Muhammad al-Hamli said on 7 November that global oil supplies were adequate to meet demand during the northern hemisphere winter. Of course, current production from inside and outside OPEC meets the need of the global market during the fourth quarter of this year and the beginning of next year, he said, according to a WAM report. Mr...