Middle East Economic Survey


No 11


OPEC Oil Production Rises 150,000 B/D In February To 29.35Mn B/D

OPEC oil production rose by 150,000 b/d in February to 29.35mn b/d from 29.2mn b/d in January, according to MEES estimates (MEES, 28 February). Most countries lifted production amid sharply rising oil prices although Iran, the UAE and Indonesia saw output falls. OPEC-10 (OPEC without Iraq) production was also up, rising 90,000 b/d at 27.49mn b/d compared to 27.4mn b/d in...