VOL. XLIV

No. 14

2-APRIL-2001

OPEC

Fesharaki Sounds Warning About Weakness Of Oil Demand Growth

At the opening session of the Ninth Annual Middle East Petroleum and Gas Conference (MPGC) in Dubai on 27 March, the conference chairman, Fereidun Fesharaki, who is President of the energy consulting firm FACTS Inc USA sounded a note of warning about the emerging weakness of oil demand growth both in Asia and the world as a whole.

Dr Fesharaki noted that global oil demand grew by 700,000 b/d in 2000,...