Middle East Economic Survey

VOL. LIII

No 30

26-Jul-2010

Saudi Arabia Leading Middle East Demand Growth, Says Credit Suisse

Middle East petroleum demand has increased by 47.7% since 2000 compared with global growth of 10%, according to Credit Suisse lead analyst Edward Morse. In the 19 July report Cooling The Desert, he says that in 2009, when global demand fell by 1.7%, Middle East consumption increased by 3.8%. Unlike most emerging market demand, says Dr Morse, Middle East demand is highly...