Middle East Economic Survey
VOL. XLVII
No 46
15-November-2004
SUPPLY/DEMAND
IEA Report Says Consumers Reacting To High Energy Prices
The International Energy Agency (IEA) has sensed a change in market fundamentals, and says that crude prices may have begun to ease as consumers react to high energy prices. In the latest monthly Oil Market Report, published on 10 November, the IEA says: Nymex WTI crude futures fell nearly $7/B from mid-Octobers $55.67/B peak amidst high OPEC production, easing...
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