VOL. XLII
No. 38
20-September-1999
OPEC
OPECs August Output Drop Signals Further Improvement InCutback Compliance
Overall OPEC crude oil and production fell by 130,000 b/d inAugust betokening a further improvement in compliance to over 94% by the 10member countries (excluding Iraq) which participate in the OPEC cutbackprogram.
According to MEES estimates, OPECs crude productionaveraged 25.99mn b/d in August, down by 130,000 b/d from 26.12mn b/d in July.But if one excludes Iraq which registered an...
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