VOL. XLV
No 47
25-November-2002
OPEC
OPEC 10 October Production Edges Higher, Now 2.73Mn B/D Over Ceiling
MEES estimates indicate that oil production by the OPEC 10 (without Iraq) rose by 60,000 b/d in October to 24.430mn b/d, which is 2.73mn b/d or 12.6% over the quota agreement which came into effect on 1 January. Total OPEC production rose 660,000 b/d to 26.85mn b/d in October from 26.19mn b/d in September underpinned by the continued rise in Iraqi exports back to pre-surcharge levels, a trend...
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