VOL. XLIII

No. 16

17 April 2000

OPEC

OPEC Compliance Declines To 62% In March

While overall OPEC oil production increased by a mere 10,000 b/d in March, the total figure disguises two important developments: a hefty increase in supply from Iran of around 316,000 b/d and a sharp decline of 430,000 b/d in Iraqi production. According to MEES sources, total production by the OPEC member countries increased to 26.76mn b/d in March, compared to 26.75mn b/d in February. However, crude production by the...