Middle East Economic Survey


No 17


CGES Says High Crude Prices Risk Destroying Demand

The Centre for Global Energy Studies (CGES) continues to warn that rising crude oil prices will result in a decline in demand as occurred in 2008. In its latest Monthly Oil Report, released on 18 April, the London-based consultancy said despite assertions by OPEC members that the market is well supplied, oil prices are beginning to affect demand. The similarities with the same period in...