Middle East Economic Survey


No 30


OPEC Oil Output Holds At 30Mn B/D As Iran Slippage Erased By Small Gains Elsewhere

OPEC oil production held above 30mn b/d for a second month in June, little changed from May as a slight decline in Iranian production was offset by gains in Nigeria and smaller increases elsewhere. Total OPEC production fell in June by 75,000 b/d to 30.035mn b/d from 30.11mn b/d in May, according to MEES estimates (MEES, 20 June). OPEC-10 (OPEC without Iraq)...