NO. 19

12 FEBRUARY 1990


IEA Says OPEC Produced 23.3mn b/d of Crude in January

OPEC crude output in January fell by 0.7mn b/d but was still well above the22mn b/d ceiling for the first half of the year at 23.3mn b/d, according to theFebruary issue of the monthly Oil Market Report (OMR) by the InternationalEnergy Agency (IEA). The IEA attributes the drop in January OPEC production todeclines of 0.3mn b/d in Saudi Arabia, Kuwait and the UAE, offset by increasesof 0.1mn b/d...