VOL. XLII
No. 29
19-July-1999
OPEC
OPEC Continues To Maintain CredibleProduction Cutback Compliance
OPEC member states have continued their credible productionrecord since their March agreement, with the June output cutback commitments by10 OPEC member countries (excluding Iraq) reaching a level of compliance ofaround 89% compared to 90% in May. According to MEES estimates, OPECscrude production (including Iraq) averaged 25.84mn b/d in June - down by295,000 b/d from 26.13mn b/d in May, by...
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