Middle East Economic Survey


No 37


OPEC Sees Uncertain 2H10 Demand, Eases Output In August

Oil demand growth is slowing and has even turned negative in some regions, OPEC observes in its latest Monthly Oil Market Report (MOMR), published on 9 September. The report underlines the bearish tone of the previous OPEC forecast (MEES, 23 August), and while the call on OPEC crude is still expected to rise by some 200,000 b/d next year, projected demand for OPEC supply has been...