No 18



Strong Demand In China And US Boosting Prices, Says CGES

Oil prices are being buoyed by strong product demand in the worlds two largest consumer countries there is surging growth in China, and a tight gasoline market in the US is causing fears of summer shortages according to Londons Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published on 26 April, CGES says: In the East, Chinas booming oil demand is helping to keep...