14 JANUARY 1991


IEA Says OPEC Averaged 23.5mn B/D in December

OPEC crude output averaged 23mn b/d in the fourth quarter, according to theJanuary issue of the monthly International Energy Agency (IEA) Oil Market Report(OMR), with production rising to 23.5mn b/d in December from 23.2mn b/d inNovember. At the same time the IEA has reduced its figure for 4Q demand by 0.4mnb/d to 53.7mn b/d, due largely to a drop in consumption in the OECD area, which,after rising in the...