Middle East Economic Survey


No 2


Asia-Pacific Oil Demand Growth Will Exceed 1Mn B/D In 2004, FACTS Forecasts

Annual Asia-Pacific oil demand growth will set a record of 1.019mn b/d for 2004, predicts Honolulu-based FACTS Inc. In the reportAsia-Pacific Petroleum Product Demand Update: Unprecedented Incremental Growth In 2004,

published in early January, FACTS analyst Jeffrey Brown forecasts that Asia-Pacific oil consumption will grow by a healthy 600,000-800,000 b/d...