Middle East Economic Survey


No 26



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...