VOL. XLII
No. 20
17-May-1999
OPEC
OPEC Crude Output Dropped By 1.46Mn B/D In April MarkingGood Compliance With New Cutback Accord
OPECs crude oil output dropped by an impressive 1.46mn b/din April, marking a good start-up in terms of compliance for the Organizationsnew production cutback accord which took effect on 1 April. According to MEESestimates, OPECs crude production averaged 26.31mn b/d in April, as comparedwith 27.77mn b/d in March. However, if one excludes Iraq which is not a...
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