VOL. XXX

NO. 15

19-JANUARY-1987

OPEC/NON-OPECAND OIL PRICES

Drop in USCrude Production

US crude oilproduction fell by 3.5% last year, from 8,971,000 b/d in 1985 to 8,660,000 b/din 1986, according to figures released by the Department of Energy. However, amuch more spectacular drop of 773,000 b/d or 8.5% was recorded betweenproduction in January 1986 (9,121,000 b/d) before the price crash and December1986 (8,348,000 b/d).