Middle East Economic Survey


No 38


OPEC Oil Output Slips Below 30Mn B/D In August On Iraq, Iran Declines

OPEC oil production fell below 30mn b/d in August after output declines in Iraq and Iran dented group production which, for all member countries bar Saudi Arabia, remains close to capacity. Total OPEC output fell in August by 115,000 b/d to 29.925mn b/d from 30.04mn b/d in July, according to MEES estimates (MEES, 22 August). OPEC-10 (OPEC without Iraq) production...