December OPEC Output Slightly Higher As Arab Gulf Compensates For Iraq Dip
OPEC oil production in December rose 60,000 b/d to 27.985mn b/d as lower production in Iraq was more than compensated for by higher output from Arab Gulf producers (MEES, 15 December 2003). OPEC-10 (OPEC without Iraq) production was thus 260,000 b/d higher at 26.185mn b/d, worsening already poor November compliance with quotas that took effect on 1 November. OPEC-10 produced 1.685mn b/d...
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