VOL. XLII
No. 07
15-February-1999
OPEC
Marginal Rise In OPEC Output For January
After a modest rise in December, OPECs crude oil productioninched up again by some 40,000 b/d in January. According to MEES estimates,the Organizations crude output increased to 27.65mn b/d in January, as against27.61mn b/d in December. On this basis, it is calculated that compliance withthe 2.6mn b/d of production cuts pledged by 10 OPEC countries (excluding Iraq)with effect from 1 April and 1 June 1998 in relation...
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