NO. 28

11 APRIL 1994

OPEC Crude Production Reached Close To 25Mn B/D In March

OPEC crude oil production registered a sizeable increase of 230,000 b/d toreach 24.99mn b/d in March as against 24.76mn b/d in February, according to MEESestimates. Overall, the March total represents an excess of 470,000 over theOPEC quota ceiling of 24.52mn b/d. However, if allowance is made for a more orless built-in Iraqi excess of 100,000 b/d (Iraq does not recognize itsOPEC-imposed quota of 400,000...