VOL. XLVI

No 7

17-February-2003

SUPPLY/DEMAND

Asias Dependence On Middle East Oil Will Continue Growing, Says FACTS

Asias oil import dependence will continue to grow because of flat regional crude oil production coupled with growing petroleum product demand, according to FACTS Inc of Honolulu. In the report Outlook for Crude Oil Demand, Supply and Trade in the Asia-Pacific Region, published this month, FACTS analysts Hassaan Vahidy and Kang Wu wrote: Middle East oil supplies more than...