VOL. XLV
No 30
29-July-2002
SUPPLY/DEMAND
US-IraqConcerns Holding Up Crude Prices, Says CGES
Crude oil prices are being held upby concerns about the effect of US-led military action against Iraq ratherthan market fundamentals, according to Londons Centrefor Global Energy Studies (CGES). In its latest Monthly Oil Report,published on 19 July, CGES says that why prices are so high, given the grimstate of oil demand and the high level of stock cover, is a mystery: The mostplausible explanation is...
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