No. 29

16 July 2001


OPEC 10 Output Continued ToRise In June

The OPEC 10 (excluding Iraq)maintained their high production level in June, with output increasing to24.995mn b/d, compared to 24.860mn b/d in May (MEES, 18 June). However, total OPEC production (including Iraq)registered a sharp fall in June because of the near absence of Iraqi oilexports, dropping to 25.835mn b/d last month compared to 27.730mn b/d in May.

As a result of the suspension ofIraqi oil exports, which opened a...