Middle East Economic Survey

VOL. LIII

No 48

29-Nov-2010

SUPPLY/DEMAND

CGES Reports Demand Boost In Third Quarter, But Expects Decline In Future

Global oil demand experienced a surge during the third quarter of 2010 that led to a contra-seasonal draw of 1mn b/d on global oil inventories, the London-based Centre for Global Energy Studies (CGES) said in the latest issue of its Monthly Oil Report (MOR), released on 22 November. CGES estimates that worldwide oil demand, measured as deliveries...