Middle East Economic Survey


No 13


ESAI Predicts Demand For OPEC Crude Will Exceed Capacity After 2020

Boston-based Energy Security Analysis Inc (ESAI) said in its newly released long term oil market outlook that the call on OPEC crude oil after 2020 will exceed the groups production capacity. Even with modest long term oil demand growth after the expected recovery bounce, the call on OPEC will outstrip OPEC capacity growth in the period after 2020, ESAI said in a 22 March...