Middle East Economic Survey


No 52


OPEC November Oil Supply Slips To 31.16Mn B/D Despite Most Producers Increasing Output

Total OPEC oil supply fell by 420,000 b/d in November, as production increases from most members were outweighed by declines in UAE and Iran. The UAEs 400,000 b/d decline was attributable to scheduled maintenance, but was considerably less than the 600,000 b/d originally thought possible. Full UAE output capacity had been restored for December deliveries....