Middle East Economic Survey

VOL. L

No 26

25-June-2007

OPEC

OPEC Oil Output Dips In May To 30.16Mn B/D After Iran Exports Slip

Total OPEC oil production fell by 360,000 b/d to 30.16mn b/d in May, after Iranian exports returned down towards their long-term average levels after being boosted from two months of additional sales from floating storage, according to MEES estimates (MEES, 4 June). OPEC-10 oil production in May was down by 330,000 b/d to 26.55mn b/d from 26.88mn b/d in April still well...