VOL. XLV

No 4

28-January-2002

SUPPLY/DEMAND

MiddleEast Crudes Will Supply Most Of The Rise In Asian Demand, Says FACTS

Importsare projected to account for more than 70% of Asian crude requirements in 2010,up from 59% today, according to Honolulu-based FACTS Inc. In a report publishedthis month, Energy Advisory No. 264: Asia-Pacific Crude Oil Market AnUpdate, FACTS analyst Kang Wu writes that the dominance of the Middle Eastin satisfying Asia-Pacific demand for imports is unlikely to change under...