OPEC: CRUDE OIL PRODUCTION, 1985-86

Created: 3/21/1986

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OPEC Production Update

OPEC crude oil production1nncrease from January levels. Increased Saudi output, spurred by nctback sales to the Far East, accounted for most of the rise. Intense competition has allowed OPEC to capture some non-OPEC market share, but at the cost of plummetinghave fallen to as low50 for North Sea and US spot crudes, respectively.]

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