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...