OPEC PRODUCTION DROPS IN 1Q 1986
According to preliminary MEES estimates (see table below), OPEC crude oil production averaged 16.65mn b/d for the first two months of 1986 - 16.43mn b/d for January and 16.88mn b/d for February - as compared with 18.48mn b/d in December 1985 and 18.035mn b/d for the fourth quarter of 1985. The drop was mainly accounted for by falling output in Iran, Libya, Algeria and Nigeria. Projections for March 1986 indicate that OPEC crude production is running at...
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