Middle East Economic Survey


No 21


OPEC Oil Production Rises To 29.88Mn B/D In April

OPEC oil production rose by 200,000 b/d in April to 29.88mn b/d from 29.68mn b/d in March, according to MEES estimates (MEES, 18 April). OPEC-10 (OPEC without Iraq) production was also up 230,000 b/d at 27.96mn b/d compared to 27.73mn b/d in March, putting it a notional 460,000 b/d above the new ceiling agreed by ministers in Isfahan in March (MEES, 21 March).

With most countries estimated...