Middle East Economic Survey

VOL. XLIX

No 42

16-Oct-2006

OPEC September Oil Output Dips To 29.56Mn B/D As Iran, Saudi Arabia Pull Back

OPEC oil production fell by 510,000 b/d in September to 29.56mn b/d on a sharp decline in Iranian output and as Saudi Arabia pulled back production amid weakening market conditions, according to MEES estimates. OPEC oil output had moved above 30mn b/d for the first time this year in August (MEES, 9 October). Oil production by the OPEC-10 (OPEC without Iraq) was down...