Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

SUPPLY/DEMAND

CGES Warns Of Demand Growth Uncertainty In 2006

OPEC is expected to come under pressure to cut production as winter ends, but the timing and size of the potential reduction are still far from clear, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report of 19 December, CGES explains: The greatest uncertainty for 2006, however, is the strength of oil demand growth. Chinese officials...