VOL. XXXVII

NO.6

8 NOVEMBER 1993

OPEC's October Output Exceeds Quota Ceiling But Within Expected Margin

According to MEES estimates, OPEC's crude oil production averaged 24.78mn b/din October - roughly the same level as the previous month. The estimated Octoberoutput represents an excess of 260,000 b/d over the quota ceiling of 24.52mn b/dagreed upon at the September OPEC ministerial meeting in Geneva. However, itmust be stressed that this excess still falls within the generally expectedmargin of...