Time to adjust

Robson, Victoria
January 2007
MEED: Middle East Economic Digest;1/26/2007, Vol. 51 Issue 4, p4
Trade Publication
The article highlights the impact of the declining oil prices and demand on the six Gulf Cooperation Council nations. Randa Azar Khoury, chief economist at National Bank of Kuwait, believes that the main risk of the situation is in the confidence among private investors. According to the International Energy Agency, the global demand for oil is likely to fall 85.5 barrels a day due to the weather in the U.S. and readjustments in commodity markets.


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