Middle East Economic Survey


No 48


Market Remains Tight Due To Old Fashioned Supply Squeeze, Says CGES

Oil markets are tight because they have been subjected to a good old fashioned supply squeeze over many quarters, the Centre for Global Energy Studies (CGES) concluded in the latest issue of its Monthly Oil Report, released on 21 November. The London-based consultancy said the squeeze was the result of the combination of much stronger than expected global demand in the...