VOL. XLVI

No 20

19-May-2003

OPEC

OPEC Replaces Lost Iraqi Output In April

Total OPEC oil production in April was little changed from March, falling 0.4% or 98,000 b/d to 26.902mn b/d from 27mn b/d in March, MEES estimates show (MEES, 21 April). OPEC-10 (OPEC without Iraq) production, however, was up by 3% or 782,000 b/d from 25.97mn b/d to 26.752mn b/d as Iraqi production shut-in during April due to the conflict was mostly replaced by other members of the organization. Aside from Iraq, where...