Middle East Economic Survey
VOL. LIV
No 12
21-Mar-2011
SUPPLY /DEMAND
IEA Sees Oil Market Volatility Boosting Downside Risk In Demand Outlook
Political risk in the Middle East and North Africa has injected volatility into futures markets, with prices gyrating by an average $3/B daily, says the International Energy Agency (IEA). In the latest monthly Oil Market Report, published on 15 March, the IEA observes that while global oil product demand growth remains largely unchanged at 2.9mn b/d in...
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