VOL. XXXII
NO. 33
22-MAY-1989
OPEC/NON-OPEC
US Crude Oil Production Continues Declining Trend During 1Q 89
US crude oil production averaged 7.841mn b/d during the first-quarter of thisyear, compared to 8.295mn b/d during the same period last year, or a decrease of5.5%, according to the American Petroleum Institute's (API) Monthly StatisticalReport. Domestic crude oil production in March dropped nearly 690,000 b/d, orover 8%, from one year earlier. The API noted that "although the unusuallylarge...
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