Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

OPEC

OPEC October Oil Output Little Changed As Iraq Losses Erased By Iran Gains

OPEC oil production moved up above 30mn b/d in October, with a rebound in Iranian production, almost erasing losses in Iraqi production in the month. Total OPEC production rose in October by 35,000 b/d to 30.015mn b/d from 29.98mn b/d in September, according to MEES estimates (MEES, 17 October). OPEC-10 (OPEC without Iraq) production rose 235,000 b/d to...