OPEC STATISTICS

OPEC Figures Put Output Below 17mn b/d in 1983

According to the latest (1983) OPEC Annual Statistical Bulletin, crude oil output in the OPEC countries fell to 16,988,700 b/d in 1983, the lowest level since 1967 (when OPEC output averaged 16,849,800 b/d). The OPEC figures for 1983 are noticeably lower than some other recent estimates, which have put output in the region of 17.5mn b/d - the difference being almost entirely accounted for by Saudi Arabia, where production...