6 JUNE 1994
OPEC Crude Production Rises Modestly To 24.76Mn B/D in May
OPEC crude production registered a modest increase of 120,000 b/d last month,rising to 24.76mn b/d in May from 24.64mn b/d in April, according to MEESestimates (see table below). The May increment was mainly attributable to anincrease of 105,000 b/d in Iranian output which rose to 3.535mn b/d in May from3.42mn b/d in April. However, Iran's May production still remained significantlylower than its quota level...