Middle East Economic Survey

VOL. XLVII

No 34

23-August-2004

SUPPLY/DEMAND

Middle East Petroleum Product Demand Shifting Towards Light Ends, Says FACTS

Demand for petroleum products in the Middle East has grown at rates averaging over 5% per year for over 30 years and is now growing at over 4% per year, according to Hawaii-based FACTS. In its August report entitled Middle East Product Markets, FACTS said that the pattern of demand was shifting away from middle distillates and fuel oil,...