Middle East Economic Survey

VOL. LIV

No 5

31-Jan-2011

SUPPLY DEMAND

CGES Calls For OPEC To Produce More Crude In Face Of Tightening Fundamentals

The Centre for Global Energy Studies (CGES) says that oil prices are rising in response to tighter market fundamentals and a perception that OPEC will not use its spare capacity in a timely manner. The London-based consultancy said in its 24 January Monthly Oil Report (MOR) that OPEC is once again denying that rising prices reflect market...