No. 15



OPEC Output Shows Modest Rise In March

OPEC crude oil production registered a modest rise of 50,000 b/d to reach 28.82mn b/din March as against 28.77mn b/d in February, according to MEES estimates.

Iraqi production is estimated to have risen by 120,000 b/d from 1.70mn b/d in Februaryto 1.82mn b/d in March. The March figure is broken down as follows: exports under the UNoil-for-food program, 1.22mn b/d (of which 670,000 b/d of Kirkuk ex-Ceyhan and 550,000 b/dof...