NO. 36

11 JUNE 1990


May OPEC Output Still over Ceiling Says IEA

OPEC crude production averaged 23.8mn b/d in April, according to the Juneissue of the monthly International Energy Agency (IEA) Oil Market Report (OMR),0.3mn b/d higher than the estimate in the May OMR, and despite a fall to 23.4mnb/d in May was still running well above the Organization's first-half productionceiling of 22.086mn b/d. The bulk of the drop in production was attributed bythe IEA to Saudi Arabia,...