Middle East Economic Survey


No 5



Global Demand Turns Corner, But Economy Still Fragile, Says CGES

Global oil demand turned the corner at the end of 2009, but the return of positive global oil demand growth may not be enough to put upward pressure on oil prices in 2010, the London-based Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR), released on 25 January. Demand at the end of 2009 showed the first year-on-year...