VOL. XLII

No. 11

15-March-1999

OPEC

OPECs February Output Rose By 330,000 B/D To Reach 27.98MnB/D

After averaging around 27.60mn b/d in the November-Januaryperiod OPECs crude oil production rose sharply to reach just under 28mn b/d inFebruary. According to MEES estimates, the Organizations crude outputincreased to 27.98mn b/d in February, up 330,000 b/d from the January figure of27.65mn b/d. On this basis, it is calculated that compliance with the 2.6mn b/dof production cuts pledged by 10 OPEC...