Middle East Economic Survey
VOL. XLVII
No 26
28-June-2004
SUPPLY/DEMAND
Oil Demand Growth Requires OPEC Capacity Increase, Says CGES
The global oil industry appears to be going through a fundamental change, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 21 June, CGES says: Oil demand is surging on the back of a strong global economic recovery, led by the US and an industrializing China. After years of lackluster oil demand growth, with...
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