No. 50

11 December 2000


OPEC Maintains High Production Level In November

According to MEES estimates, OPEC oil production in November (including Iraq) remained at a high level for the seventh consecutive month this year at 29.40mn b/d, compared to 29.41mn b/d in October. OPEC was able to offset a fall in Iraqi November production of 260,000 b/d with a 100,000 b/d rise in Saudi oil production to 8.90mn b/d, a 50,000 b/d rise in Venezuelan output to 3.1mn b/d, and smaller increases...