VOL. XXXIV

NO. 19

11 FEBRUARY 1991

OPEC Production Drops In January

According to MEES estimates, OPEC crude production averaged 23.1mn b/d in January, down 760,000 b/d from the December figure of 23.86mn b/d. The bulk of the drop was accounted for by Iran, whose output fell by nearly 500,000 b/d from 3.45mn b/d in December to 2.96mn b/d in January. Iranian exports were disrupted following the outbreak of hostilities in the Gulf on 17 January, as a result of which (since the Kharg Island...