NO. 41

11 JULY 1994

OPEC Crude Production Hits 25Mn B/D In June

OPEC crude production registered a significant increase of 260,000 b/d lastmonth, rising to 25.02mn b/d in June from 24.76mn b/d in May, according to MEESestimates (see table below). This brings the average OPEC production for thefirst half of 1994 to 24.80mn b/d, a rise of 0.53% over the first half 1993figure of 24.67mn b/d.

The June output increment was largely attributable to a gain of 195,000 b/din Iranian production...