No. 7

13 November 1995


OPEC Production Rose By Over 300,000 B/D To Top 25.5Mn B/D In October

After several months of steady production ranging between 25.0 and 25.2mn b/d, OPEC's crude oil output jumped by 310,000 b/d to reach 25.51mn b/d in October, according to MEES estimates (see table overleaf). This was almost 1mn b/d above the official OPEC ceiling of 24.52mn b/d.

The October boost in OPEC production was almost entirely attributable to a somewhat unexpected...