Middle East Economic Survey
VOL. XLVII
No 48
29-November-2004
SUPPLY/DEMAND
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...
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