Middle East Economic Survey

VOL. XLVIII

No 7

14-February-2005

Middle East Products Market Spurred By High Crude Prices, Says FACTS

The Middle East is becoming a major oil products market in its own right rather than merely a center for exports, according to Honolulus FACTS Inc. In the report Growing Strength In Middle Eastern Products Markets, published in January, FACTS analyst Nancy Yamaguchi observes: Regional oil demand has grown at rates averaging about 4% in the last decade, and we forecast...