VOL. XL

No. 04

27-January-1997

OPEC

OPEC's Production and Supply Data

The table overleaf shows well-head production andsupply figures communicated directly by member countries to the OPEC Secretariat for themonths of October, November and December. Under OPEC rules, quota compliance is assessedon supply figures rather than well-head production. Supply, as defined by OPEC, iscalculated as: domestic consumption, plus net export sales of crude oil and refinedproducts, plus withdrawals from...