No 11



OPEC February Output Surges 8.6% To 27.9Mn B/D

MEES estimates indicate that OPEC oil production rose by 8.6%, or 2.217mn b/d, in February to 27.88mn b/d from 25.663mn b/d in January, as resuming output from Venezuela combined with significant production growth from Gulf producers. Output by the OPEC 10 (without Iraq) was even more substantial up 10.1%, or 2.337mn b/d to 25.45mn b/d in February from 23.113mn b/d in January since Iraqi production actually fell...