VOL. XLII

No 51

20-December-1999

OPEC

OPEC Oil Production Registered Modest Decline In November

Overall OPEC crude oil production fell by a modest 70,000b/d in November, while compliance by the 10 member countries (excluding Iraq)which participate in the OPEC output cutback program registered a smallimprovement to around 84% from the previous months level of about 83%.

According to MEES estimates, OPECs crude productionaveraged 26.14mn b/d in November, down by 70,000 b/d from 26.21mn b/d in...