No. 51/52

22/29 December 1997


OPEC Crude Output Falls Back In November

Under the impact of lower output in Iran and Iraq, OPEC's crude oil production fellback to 27.78mn b/d in November, representing a drop of 450,000 b/d below the revisedOctober figure of 28.23mn b/d, according to MEES estimates.

Iranian production is estimated to have declined by 300,000 b/d in November as comparedwith the previous month, easing back to a more normal level of 3.585mn b/d after an outputspike to...