VOL. XLVI
No 50
15-December-2003
OPEC
Strong Iran Production Limits OPEC-10 November Oil Output Compliance
OPEC oil output rose by 105,000 b/d in November to 27.925mn b/d as sharply higher Iraqi production more than accounted for lower production by Saudi Arabia, UAE and Kuwait (MEES, 17 November). However, a reduction in production by the OPEC-10 countries (OPEC without Iraq) which are subject to production quotas, showed that compliance with the new quotas that took effect on 1 November was...
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