Middle East Economic Survey


No 45


OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery

The trajectory of the global economy, climate change and energy policy, and the as yet unknown impact of new technologies such as shale gas, all combine to make for a very uncertain energy future, stresses the latest edition of OPECs annual World Oil Outlook (WOO). Nevertheless, indications of a global economic recovery prompted OPEC to upgrade its medium term...