VOL. XLIII

No. 07

14 February 2000

OPEC

OPEC Compliance Slips To 78% In January

Overall OPEC crude oil production rose by 730,000 b/d in January, with the increase coming mainly from Iraq. Compliance by the 10 member countries (excluding Iraq) which participate in the OPEC cutback program slipped to 78.6% from the previous months level of around 79.8%.

According to MEES estimates, OPECs crude production averaged 26.08mn b/d in January, up by 730,000 b/d from 25.35mn b/d in December. But if Iraq ...