Middle East Economic Survey


No 50



OPEC November Oil Output Edges Lower On Iraq, Iran

OPEC oil production slipped slightly lower in November, with Iraq and Iran both showing a fall in output in the month. Total OPEC production fell in November by 235,000 b/d to 29.78mn b/d from 30.015mn b/d in October, according to MEES estimates (MEES, 21 November). OPEC-10 (OPEC without Iraq) production fell 185,000 b/d to 28.08mn b/d from 28.265mn b/d. Iraqi exports fell to their...