Middle East Economic Survey


No 44


CGES: Oil Prices Stay Stubbornly High Despite Sluggish Demand Growth

Despite the fact that the global economic outlook is still somewhat uncertain, oil prices have remained stubbornly high and are set to record their highest ever annual average, the London-based Centre for Global Energy Studies (CGES) noted in its latest Monthly Oil Report published on 24 October. And while not the primary cause, high energy prices are certainly adding...