NO. 40

9 JULY 1990


IEA Puts OPEC Crude Output at 23.2mn b/d in June

OPEC crude production averaged 23.6mn b/d in the second quarter, compared to23.7mn b/d in the first, according to the July issue of the International EnergyAgency (IEA) Oil Market Report (OMR). However, according to the IEA estimatesOPEC output fell from 23.6mn b/d in May to 23.2mn b/d in June, still some wayabove the 22.08mn b/d ceiling, with the UAE accounting for the lion's share ofthe surplus at 2mn...