VOL. XLVI

No 29

21-July-2003

SUPPLY/DEMAND

Middle East Demand Emphasis Shifting Towards Gasoline, Says FACTS

The Middle East continues to be a vibrant oil market, with overall products demand expected to rise by an average 124,000 b/d a year during the current decade, according to Honolulu-based FACTS inc. In the report Middle Eastern Oil Market Update, published last month, FACTS analyst Nancy Yamaguchi wrote: The pattern of demand has shifted slightly away from fuel oil and jet fuel towards...