NO. 11



OPEC Crude Oil Production Rose by 9% to 23.26mn b/d in 1990

OPEC oil output rose sharply in both volume and value in 1990, according the1990 OPEC Annual Statistical Bulletin, which has recently been released. Totalcrude oil production by the OPEC member countries in 1990 rose by 1.92mn b/d,or 8.9%, to 23.26mn b/d from 21.43mn b/d in 1988, while the volume of exports ofcrude oil and refined products increased by 1.054mn b/d, or 5.8%, to 19.88mn b/dfrom 18.82mn...