Middle East Economic Survey


No 9


CGES Reiterates Need For Higher OPEC Output, Says Market Out Of Balance

The Centre for Global Energy Studies (CGES) has again recommended that OPEC increase crude oil production to address rising crude oil prices. Noting that Brent crude is now trading about $100/B and that the OPEC Basket is near that price, the London-based CGES said in the 21 February Monthly Oil Report that OPEC continues to insist that the rise in crude oil prices...