VOL. XLVII

No 11

15-March-2004

SUPPLY/DEMAND

Middle East Crude To Meet New Asian Demand In This Decade, Says Shells Lee

Middle East crude will meet most of the new demand in the fast growing economies of the Asia Pacific countries this decade, according to Chairman of the Shell Companies in Singapore Lee Tzu Yang. Speaking at the Hydrocarbon Asia 2nd Bottom Line Improvement Conference in Singapore on 4 March, Mr Lee said that quantities of Middle East oil going into Western markets would likely...