No. 23



Asian Oil Recovery Stronger Than Expected In 2000

Preliminary figures for 1999 suggest that Asian oil demand has fully recovered from the effects of the financial crisis of 1998, according to Facts Inc, June 2000 Energy Advisory Number 224. The report says that in the six countries comprising what they call the crisis group (see Table 1) demand rebounded strongly in 1999 and is on a trajectory in 2000 that should put it back at its 1997 level. The rebound is...