Middle East Economic Survey


No 30


CGES Says OPEC Policy Lending Oil Price Support

With no clear signals from market fundamentals, oil prices are reacting to perceptions about the true nature of the economic recovery, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 19 July, CGES says that ample spare capacity throughout the oil supply chain is effectively keeping a lid on price rises. While global oil demand has...