VOL. XLVII

No 11

15-March-2004

SUPPLY/DEMAND

Middle East Products Demand Growth Led By Iran, Says FACTS

The Middle Eastern gasoline market has been unusually dynamic of late, driven by rising Iranian consumption, according to Honolulu-based FACTS Inc. In the report Middle Eastern Products: Iran Affects the Regional Balance, published in February, FACTS analyst Nancy Yamaguchi observes: Short-term perturbations created a need for imports even in traditional exporting and net-exporting countries...