VOL.XXXVI
NO.49
6SEPTEMBER 1993
OPECCrude Output Dropped Sharply To
24.33Mn B/D In August
Somewhatagainstexpectations,OPECappearstohave
achieved a substantial reduction in its crude oil output in August. According to MEES estimates (see table below), OPEC
crudeproductionfellby455,000 b/d to 24.335mn b/d in August from 24.790mn b/d in July (revised figure).The impact of this decline has evidently not yet made itself felt inthemarket,wherecrude prices - after abrief rally
petered out when fears...
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