Middle East Economic Survey


No 15


Oil Industry Leaders Wrestle With Perfect Storm

Oil producers and consumers met on 6 April for the annual Petrostrategies International Oil Summit amid unprecedented market turmoil and buoyant prices, which saw Brent top the $120/B mark. While both sides agreed on a need for greater investments, the Paris meeting also saw sharply divergent views, many expressed on the conference sidelines, as to the seriousness of the current situation....