Middle East Economic Survey
VOL. XLVII
No 39
27-September-2004
OIL PRICES
Oil Prices Beyond Control Of OPEC And Industry, Says CGES
The course of oil prices over the coming months is largely out of the hands of both OPEC and the international oil industry, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 20 September, CGES says: Increases in oil production capacity are on the way, both within OPEC and outside, but oil demand is growing...
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