No. 33

14 August 2000


OPEC July Production Limited By Capacity Constraint

July production figures for the OPEC 10 (excluding Iraq) demonstrate how capacity limitations have begun to constrain OPEC production. While production by the OPEC 10 in July increased by 200,000 b/d over June, half of this incremental production was contributed by Saudi Arabia. Total OPEC production (including Iraq) reached 28.10mn b/d in July, compared to 28.00mn b/d in June, or an increase of 100,000 b/d....