NO. 11

14 DECEMBER 1992

OPEC Production Hits New High Of 25.49Mn B/D In November

According to MEES estimates, OPEC crude oil production in November (includingEcuador which withdrew from membership of the Organization at the end of themonth) averaged 25.49mn b/d, an increase of 235,000 b/d over the October figureof 25.255mn b/d. This represents OPEC's highest monthly production level since1980.

By far the biggest contribution to the OPEC production boost for Novembercame from Iran whose...