VOL. XXXVI

NO. 24

15 MARCH 1993

OPEC Will Need To Cut 2mn B/D From February Production To Meet March QuotaTarget

OPEC will need to cut nearly 2mn b/d from actual output in February if itwants to meet the production ceiling and quota targets for March-June agreedupon at last month's ministerial meeting in Vienna. This much is evident fromthe latest estimates for OPEC crude production in February, which show anincrease of some 300,000 b/d over the January level.

According to MEES estimates (see...