VOL. XXXIV

NO. 23

11 MARCH 1991

Supply/Demand

IEA Puts OPEC Production at 23mn b/d in February

OPEC crude production in February averaged 23.0mn b/d, little changed fromthe January figure of 22.9mn b/d, according to the March issue of the monthlyInternational Energy Agency (IEA) Oil Market Report (OMR). The increase inFebruary is attributed to the slight rise in production from Saudi Arabia andIran to 8.3mn b/d and 3.1mn b/d respectively, after some temporary disruption ofexports in mid-January...