Middle East Economic Survey
VOL. XLVIII
No 52
26-December-2005
SUPPLY/DEMAND
Strong Economic Outlook Underpins OPECs Latest Upwards Revision Of Oil Demand Growth
OPEC has once again revised oil demand growth slightly higher for 2005 and 2006 based on fresh evidence that the global economy has shown resilience despite rising interest rates and energy prices. In its December Monthly Oil Market Report, OPEC now forecastsworld oil demand growth in 2005 at 1.22mn b/d, or 1.5%, bringing demand to a total...
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