NO. 46

14 AUGUST 1995

OPEC Production Falls Slightly To 25.12Mn B/D In July

OPEC's crude oil production fell to 25.12mn b/d in July, a drop of 90,000 b/dfrom the previous month, mainly as a result of modest output decreases in Iranand Nigeria, according to MEES estimates (see table below). The July output was600,000 b/d in excess of the official OPEC production ceiling.

According to MEES sources, there is now credible evidence that Venezuela'scrude oil production (excluding...