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,...
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