OPEC AND OIL PRICES

Moderate Increase Seen in Non-OPEC Output 

The Paris-based Market Monitoring Bulletin (MMB) reports that non-OPEC production in the fourth quarter of 1985 increased to 25.91mn b/d as compared with 25.44mn b/d in the third quarter. The monthly publication estimates non-OPEC crude oil average production in 4Q 1985 at 23.14mn b/d (23.15mn b/d in October, 23.11mn b/d in November and 23.03mn b/d in December), while non-OPEC natural gas liquids (NGLs) were put at 2.77mn...