VOL. XLV

No 15

15-April-2002

SUPPLY/DEMAND

Asian Oil DemandWeakness Is Unprecedented, Says Fesharaki

Oil Demand weakness in Asia, which started in 2001and is continuing in 2002, is unprecedented even compared to the 1998financial crisis, according to Dr Fereidun Fesharaki, President of the Hawaii-based energy consultingfirm FACTS Inc. Speaking at the Tenth Annual Middle East Petroleum and GasConference (MPGC) in Doha, Qatar, on 8 April he noted that Asia is the engineof global oil demand usually...