Middle East Economic Survey


No 35


CGES Sees Crude Demand Rising But Growth Rate Slowing

Global oil demand is rising as the world economy recovers from recession, but the pace of the increase is likely to slow in the second half of 2010 and in 2011 from the levels seen in the first half of this year, the Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR), released on 23 August. This is due in part to the fact that in the first half of 2010 oil...