No. 24



Asian Oil Demand Growth Outlook Cloudy, Says FACTS

Oil demand in the Asia-Pacific region showed signs of weakness in 2000, which was mainly the result of high oil prices and the appreciation of the US dollar, according to Honolulu-based FACTS Inc. In its May report Energy Advisory No 250: Asian Oil Demand in the Global Context, FACTS says that demand for 2001 is uncertain because projected GDP growth rates have become weaker and the concerns over oil...