NO. 29

27 APRIL 1987


Saudi Production Rebounds to Quota Level in April

After the doldrums of March, Saudi oil output is registering a strongresurgence in April. MEES understands that Saudi crude production (i.e., crudeproduced for export and local refining) averaged very slightly above the OPECquota of 4.133mn b/d during the first three weeks of April. In the last week ofthe month production is expected to be adjusted somewhat downwards so thatoutput for April as a whole...