NO. 10



IEA Projects 4Q OPEC Crude Production at 23.3mn b/d

The International Energy Agency (IEA) has raised its figure for OPEC crudeproduction in October by 0.4mn b/d to 23.3mn b/d in the December issue of itsmonthly Oil Market Report (OMR), and, with the same figure for November output,is now projecting 4Q OPEC crude output at 23.3mn b/d. At the same time, the IEAhas scaled down the figure for world demand in the third and fourth quarters by0.3mn b/d and 0.2mn...