VOL. XLIV

No. 27

2-July-2001

SUPPLY/DEMAND

Middle East Demand Changes Impact Export Mix Says FACTS

The Middle East regions demand barrel has significantly changed in favor of lighter products, with consumption and refinery output changes being reflected in the regions export mix, according to Honolulu-based FACTS Inc. In its Energy Advisory No. 252: Middle East Oil Product Demand report, published in early June, FACTS says that in 1970 almost 70% of the regional demand barrel was for the heavy...