No 39

24 September 2001


OPEC August Production Rises to27.57Mn B/D

Production by the OPEC memberstates rose to 27.565mn b/d in August from 27.245mn b/d in July (MEES,20 August), due largely to increased production from Iraq. However, productionby the OPEC 10 (excluding Iraq) fell sharply in August because of lower Iranianvolume.

OPEC 10 August productionregistered the first decrease in supplies since April, when this years secondproduction cut agreement went into effect, with...