Middle East Economic Survey

VOL. L

No 12

19-Mar-2007

OPEC/SUPPLY/DEMAND

OPEC-10 Output Down To 26.6Mn B/D In February On Saudi Cuts

OPEC-10 oil production in February fell by 280,000 b/d to 26.59mn b/d from 26.87mn b/d in January, mainly due to cuts by Saudi Arabia, according to MEES estimates (MEES, 26 February). Total OPEC production in February, including Iraq and Angola, reached 30.04mn b/d, little changed from January. Iranian production in the month comprised 2.41mn b/d of exports and 1.45mn...