NO. 15

10 JANUARY 1994

OPEC Crude Production Hits 24.8Mn B/D In December

After dipping sharply in November, OPEC crude oil production rebounded toreach 24.8mn b/d in December - 280,000 b/d above the official ceiling level of24.52mn b/d - according to MEES estimates. Apart from the built-in Iraqi excessof 100,000 b/d, most of the over-quota output in December was attributable toIran. According to MEES reckoning (for detailed breakdown of Iran's Decemberproduction and exports, see story...