Middle East Economic Survey

VOL. XLVIII

No 50

12-December-2005

SUPPLY/DEMAND

EU-OPEC Meeting Stresses Oil Investment, Security Of Demand

EU and OPEC officials stressed the need to mobilize fresh investments in the upstream and downstream oil sectors and reduce the uncertainties associated with the future oil demand, following their second meeting in Vienna on 2 December. In a statement issued after the meeting, the two sides identified the refining sector and financial markets as two areas for...