Middle East Economic Survey
SUPPLY AND DEMAND
Demand Growth And Limited Capacity Keeping Prices High, Says CGES
Oil demand growth is surging and could remain strong for some time to come, with little spare capacity in other fuels to ease the burden, according to Londons Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published on 19 July, CGES observes: Strong demand growth, low stocks and lack of spare capacity throughout the oil supply...