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...