FACTS: Asia-Pacific oil production flat as imports rise

Asia's crude oil markets are characterized by moderately flat regional crude production, rising crude imports, and less crude available for export.While the Middle East continues to be the dominant supplier of crude to the region, the role of the Atlantic Basin crudes is also on the rise, all at the expense of the dwindling share of the region's own oil in its overall crude utilization, said researchers Hassaan Vahidy and Kang Wu in a recent FACTS Inc. report.Regional Asia-Pacific crude oil production is expected to be flat through 2005 and slowly decline over the next 5-10 years, due to production decreases in Australia, Indonesia, and Malaysia. Base-case projections are based "o...

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