7 SEPTEMBER 1992
OPEC Crude Production Tops 24.5Mn B/D In August
According to MEES estimates, OPEC crude oil production averaged 24.51mn b/din August - representing a sizeable increase of 365,000 b/d over the July figureof 24.145mn b/d. This is more than 1mn b/d above the implied OPEC ceiling forthe third quarter (23.463mn b/d).
By far the biggest contribution to the OPEC production boost for August camefrom Iran whose output for the month hit the surprisingly high number of...