No. 45

10 November 1997


OPEC Crude Production Topped 28 Mn B/D In October

Boosted by a sharp recovery in Iranian output, OPEC's crude oil production reached anew high of 28.03mn b/d in October, an increase of 470,000 b/d over the September figureof 27.56mn b/d, according to MEES estimates.

The October leap forward in OPEC production is very largely attributable to a strong440,000 b/d bounce-back of Iranian output from the exceptionally low level of 3.445mn b/din September to 3.885mn...