VOL. XXXVII

NO. 49

5 SEPTEMBER 1994

OPEC Crude Production Fell By Further 240,000 B/D To 24.45MN B/D In August

Under the impact of another sharp fall of over 300,000 b/d in Nigerianoutput, OPEC crude oil production dropped to 24.45mn b/d in August, down by240,000 b/d from 24.69mn b/d in July, according to MEES estimates (see tablebelow).

Nigeria's average monthly production, which was running at around 1.92-1.93mnb/d before being impacted by the country's political and labor unrest in July,is...