Middle East Economic Survey
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...