VOL. XXXIX

No. 11

11 December 1995

OPEC

OPEC Crude Production Fell By 160,000 B/D In November

After a spurt to 25.51mn b/d in October, OPEC crude oil production fell back by 160,000 b/d to 25.35mn b/d in November, according to MEES estimates (see table overleaf). However, the November output still represents an excess of 830,000 b/d above the official OPEC ceiling of 24.52mn b/d, and remains well above the 25.0-25.2mn b/d production range which had been maintained from April to...