NO. 45

9 AUGUST 1993

OPEC Crude Output Reaches 24.64Mn B/D In July

Despite the increasingly receding prospect of any resumption of Iraqi oilexports during the coming months, crude oil prices have remained decidedly softover the past week. No doubt the continuing rise in OPEC crude supply and higherthan expected exports from the Former Soviet Union (FSU) have something to dowith this. However, some OPEC exporters - as evidenced by Saudi Aramco'sdecision to post a significant increase...