Middle East Economic Survey


No 16


OPEC Report Points To Tightening Fundamentals

Both demand and the call on OPEC crude are set to rise sharply next quarter, according to OPECs latest Monthly Oil Market Report (MOMR) released on 12 April. And with OPEC supply badly down in March, the report gives ample evidence that current high prices are not down solely to the fear factor that some OPEC delegates claim is driving the recent price surge. But the indications are that at...