VOL.XXXIXNo. 6018 November 1996OPEC

OPECCrude Production Dropped To 25.64Mn B/D In OctoberOPEC's crude oil production fell by 260,000 b/d last month, bringing the Octoberaverage down to 25.64mn b/d as against 25.90mn b/d (revisedfigure) in September, according to MEES estimates (see table overleaf).The OPEC decrease was attributable to a sharpdrop of 367,000 b/d in estimated Iranian output from 3.810mn b/d inSeptember to 3.443mn b/d in October. Thiswas to some extent offset by higher...