VOL. XLIV

No 44

29-October-2001

SUPPLY/DEMAND

Asian Economic Shrinkage Curbing Oil Demand

In the long term, Asian oil demandgrowth is expected to outstrip that in both the US and Europe, with Middle Eastproducers expected to provide the bulk of the increased imports requirement.However, the main Asian economies are highly dependent on exports, and MEESunderstands that the regional governments are currently cutting back theirpredictions of GDP growth as a result of the continuing US economic...