Middle East Economic Survey


No 51/52


OPEC Oil Production Slips Below 30Mn B/D In November

OPEC oil production fell below 30mn b/d in November with overall group production reversing a six-month uptrend. Total group output was 29.99mn b/d in November, down 290,000 b/d from the revised October figure of 30.28mn b/d. OPEC-10 (OPEC without Iraq) was up 360,000 b/d at 28.24mn b/d, the highest monthly figure in the year to date. OPEC-10 output was thus 1.24mn b/d above the...