Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

SUPPLY/DEMAND

OPEC Upbeat On Demand For 2006 After Stronger Economic Data Emerges

Third quarter data from the Eurozone has confirmed a period of strong growth for the global economy, with all three developed regions solid growth despite high energy prices, OPEC said in its November Monthly Oil Market Report. As a result of the rosier economic picture, OPEC readjusted its global economic growth forecast for 2005 to 4.3%, falling to 4.1%...