VOL. XXXII
NO. 9
5 DECEMBER 1988
OPEC
OPEC Production Close to 23mn b/d in November
Whatever OPEC may or may not do to restrain overproduction in December, underthe informal understanding reached in Vienna, before the new formal quotas and18.5mn b/d ceiling come into force on 1 January 1989, November production appears to have notched up a new peak of nearly 23mn b/d.
According to preliminary estimates compiled by MEES, OPEC's crude output inNovember totaled 22.98mn b/d with the following breakdown...
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