No. 16

15 January 1996


OPEC Output Down By 210,000 B/D In December

After a spurt in October to over 25.5mn b/d followed by a slip back to 25.35mn b/d in November, OPEC crude production fell by a further 210,000 b/d to 25.14mn b/d in December, according to MEES estimates (see table overleaf).

The drop in OPEC's December output was mainly attributable to a reduction of 245,000 b/d in Iranian production to 3.355mn b/d (well below the OPEC quota of 3.6mn b/d), as compared...