No. 20

12 February 1996


OPEC Output Surges To 26Mn B/D In January

After falling off substantially in December, OPEC crude oil production registered a spectacular surge of 860,000 b/d to hit 26.0mn b/d in January, according to MEES estimates.

The rise in OPEC's January output was mainly attributable to a sharp hike of 685,000 b/d in Iranian production to 4.04mn b/d in January, as compared with 3.355mn b/d in December, 3.60mn b/d in November and 3.795mn b/d in October;...