Middle East Economic Survey


No 48



High Oil Prices Curbing Economic Growth And Oil Demand, Says CGES

The high oil prices of 2004 have finally begun to have a noticeable impact on both economic growth and oil demand, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 22 November, CGES says: Third-quarter figures have started to show a marked slowdown in economic growth in countries such as Japan, while...