Middle East Economic Survey


No 13


CGES Warns That Rising Prices Threaten Repeat Of 2008 Oil Market Collapse

The London-based Centre for Global Economic Studies (CGES) has in its latest monthly report warned that the oil market needs a clear unambiguous signal from OPEC that the crude oil production lost as a result of the political upheaval in Libya will be replaced soon. GCES said: Failure to act in a transparent and decisive way risks a repeat of the 2008 price surge...