OPEC/NON-OPEC AND OIL PRICES
USSR's Oil Exports Rise while China's Decline
Soviet official statistics released recently show that total oil exportsincreased by almost 200,000 b/d in 1987 to just under 4mn b/d. For the firsttime in many years, Soviet trade data for last year included oil exports inphysical volume (not just in value terms). And for the first time ever, theofficial Soviet trade figures include a breakdown between crude oil and productsby country.