Middle East Economic Survey


No 16


OPEC Oil Production Rises In March To 29.68Mn B/D

OPEC oil production rose by 140,000 b/d in March to 29.68mn b/d from a revised 29.54mn b/d in February, according to MEES estimates (MEES, 14 March). OPEC-10 (OPEC without Iraq) production was also up 140,000 b/d at 27.73mn b/d compared to a revised 27.59mn b/d in February. Most countries continue to produce close to capacity, although Iran saw another decline in output in March, down...