VOL.XXXIXNo. 6416-December-1996OPEC

Non-OPECRedeems Itself With 1.2MN B/D Output Rise InNovemberThe jury is now in: non-OPEC is once again living up toexpectations. Confirming its own prediction of an imminent turnaround in thesector's production performance (MEES, 18 November), theInternational Energy Agency (IEA) in its December Oil MarketReport reckons that non-OPEC output increasedby nearly 1.2mn b/d in November, its largest monthlygain since the summer of 1994. The surgein non-OPEC...