Middle East Economic Survey


No 33


Tightness And Disruption Likely To Continue In 2005, Says Hetco

Oil market analysts have been debating whether or not there has been a permanent upward move in the long-term dollar price of oil, according to Edward L Morse, analyst at Hess Energy Trading Company (Hetco). In the report Market View: Its Beginning To Look A Lot Like 1973Or Is It?, published on 3 August, he says: Regardless of ones longer-term views on market developments, it...