VOL. XLVII

No 19

10-May-2004

SUPPLY/DEMAND

Asia-Pacific Oil Import Dependence Reached New High In 2003, Says FACTS

The overall oil import dependence of the Asia-Pacific region reached an all-time high of 64% in 2003, up from 62% in 2002, according to Honolulus FACTS Inc. In the report Crude Oil Demand, Supply and Trade in the Asia-Pacific Region, published in April, FACTS analysts Hassaan Vahidy and Kang Wu wrote: Including non-refinery LPG, the Asia-Pacific regions overall oil production is...