No. 47

20 November 2000


OPEC Oil Production Rises Again In October

According to MEES estimates, OPEC oil production (including Iraq) continued to rise for the sixth consecutive month this year in October, rising to 29.41mn b/d from 29.17mn b/d in September, or an increase of 240,000 b/d.

October production by the OPEC 10 (excluding Iraq) totaled 26.45mn b/d, compared to 26.36mn b/d in September. OPEC 10 production in October was 250,000 b/d in excess of the 26.2mn b/d ceiling which...