NO. 23



IEA Forecasts 1Q OPEC Crude Output of 23.2mn b/d

In its first estimate of 1Q OPEC crude production, the International EnergyAgency (IEA) is forecasting that output will average some 1.1mn b/d over the22.086mn b/d production ceiling for the first half of the year at 23.2mn b/d,according to the March issue of the IEA's monthly Oil Market Report (OMR). WithOPEC crude production running at 23.1mn b/d in January and 23.2mn b/d inFebruary, the IEA sees the main...