No. 07

16 February 1998


OPEC Crude Production Tops 28.1Mn B/D In January

Despite lower-than-expected output from Iraq, OPEC's crude oil production rose by ahefty 670,000 b/d to reach 28.13mn b/d in January as against 27.46mn b/d in December,according to MEES estimates.

There seem to have been two main reasons behind unexpectedly low Iraqi productionaverage of 1.107mn b/d in January. The first was the delay, until 15 January, in theresumptions of exports under the current 180-day...