No. 05



CGES Warns Of $40/B Brent As Refiners Battle For Scarce Crude Oil Supplies

While current high oil prices might appear at first glance to be beneficial to OPEC producers, Londons Centre for Global Energy Studies (CGES) warns in its January Monthly Oil Report that the short-term revenue needs of OPEC producers have encouraged them to seek higher oil prices, but that in doing so they have pushed the worlds oil industry dangerously close to an acute physical...