NO. 23

9 MARCH 1992

OPEC Achieves Modest Output Cut In February: Much More Needed In March

The modest decline of 185,000 b/d in OPEC crude production in February - to24.29mn b/d from 24.475mn b/d in March (see table overleaf) - only serves toemphasize how much more the member countries need to cut if they are to meet theMarch-June target of around 23.1mn b/d set at the Organization's mid-Februaryministerial meeting in Geneva. This represents the bare minimum that needs to bedone to...