NO. 17

23 JANUARY 1995


OPEC's December Production and Supply Figures

OPEC released last week the production (well-head) and supply figures forDecember as communicated directly to the Secretariat by member states. UnderOPEC rules, quota compliance is assessed on supply figures rather than wellheadproduction. Supply, as defined by OPEC, is calculated as: domestic consumption,plus net export sales of crude oil and refined products, plus withdrawals fromstocks held outside national...