VOL. XLV

No 30

29-July-2002

OPEC

OPEC Production Held Steady In June

There was not much change inoverall OPEC production in June, with the OPEC 10 member countries (excludingIraq) increasing production by 140,000 b/d over May to 23.32mn b/d. Total OPECoil production (including Iraq) in June was 24.84mn b/d, a decrease of 100,000b/d from the previous month, attributable mainly to the decline in Iranian andIraqi oil production.

OPEC 10 June production of 23.32mnb/d exceeded the 21.701mn b/d ceiling...