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Page added on February 27, 2006

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DJ OPEC Jan Output Dn 460,000 B/D on Mo at 29.27M B/D

Production from the Organization of Petroleum Exporting Countries fell by 460,000 barrels a day to 29.27 million b/d in January from 29.73 million b/d a month earlier, the weekly Middle East Economic Survey said in its Monday edition.

MEES estimated that production in January of the OPEC-10, excluding Iraq which doesn’t have a quota, fell by 490,000 b/d to 27.69 million b/d from 28.18 million b/d the previous month. The decline was largely due to a 340,000 b/d fall in Iranian oil exports.

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