VOL. XLI

No. 28

13-July-1998

OPEC

No Significant Change In OPEC Production In June As Iran Increases And IraqDecreases Output

According to MEES estimates, OPEC production in June totaled 28.257mn b/d, anincrease of only 37,000 b/d over the May production of 28.220mn b/d (MEES, 15June). However, this figure hides a substantial increase in Iranian production to 3.832mnb/d and a decline in Iraqi production to 2.08mn b/d. Other OPEC members remained more orless at the same levels as in May, in...