Middle East Economic Survey


No 46


OPEC Sees Weaker 4Q10 Demand For Its Crude, But Revises Global Projections Upwards

In spite of earlier assessments that underestimated 2H10 economic activities, world oil demand is rising in the third and fourth quarters, OPEC observes in its latest Monthly Oil Market Report (MOMR), published on 11 November. With a stronger than expected recovery in OECD oil demand, OPECs 2010 world oil demand growth forecast was revised up by 190,000...