6 FEBRUARY 1995
OPEC Crude Production Fell To 24.84Mn B/D in January
After reaching almost 25mn b/d in December, OPEC's crude oil production fellback by some 150,000 b/d to 24.84mn b/d in January, according to MEES estimates(see table overleaf).
The January drop was mainly attributable to lower output in Iran (down155,000 b/d) and Nigeria (down 40,000 b/d), marginally offset by small increasesin Indonesia, Qatar and the UAE. According to MEES data (see page A5), Iraniancrude...