No 16



OPEC March Output Drops On Iraq Export Halt But OPEC-10 Rises To 25.97Mn B/D

OPEC oil production in March fell by 880,000 b/d from February to 27mn b/d, reflecting the suspension of most Iraqi production after the start of US-led hostilities against the country from 20 March, MEES estimates show. However production by the OPEC-10 (without Iraq) rose by 520,000 b/d, reflecting sharp output gains in Venezuela and to a lesser extent Kuwait, Saudi Arabia and UAE....