Middle East Economic Survey


No 44


Crude Price Stability Depends On Saudi Arabia, Says CGES

The stability of crude oil prices will depend on Saudi Arabias willingness to defend its perfect price, the Centre for Global Energy Studies (CGES) said in the latest issue of its Monthly Oil Report, released on 25 October. Noting that oil prices have surged above the $70-80/B range preferred by Riyadh since the start of the fourth quarter and have yet to show any sign of running...