VOL. XL

No. 10

10-March-1997

OPEC

OPEC's Production and Supply Data

The table below shows well-head production and supply figurescommunicated directly by member countries to the OPEC Secretariat for the months ofNovember and December 1996 and January 1997. Under OPEC rules, quota compliance isassessed on supply figures rather than well-head production. Supply, as defined by OPEC,is calculated as: domestic consumption, plus net export sales of crude oil and refinedproducts, plus withdrawals...