VOL. XXXII

NO. 16

23-JANUARY-1989

OPEC PRODUCTION CAPACITY HAS FALLEN TO 25Mn B/D ACCORDING TO NEW STUDY

OPEC production capacity has undergone a major shift since the second oilshock. The lower oil prices have resulted in a significant decline in OPECproduction capacity through reduced investments, mothballing of facilities, andunwillingness of a number of countries to maintain higher capacities.

This is one of the conclusions reached by a major new study prepared for theUnited States Department...