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...
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