OPEC JUMP RAISES '89 WORLD OIL FLOW 2.8%

Robert J. Beck Economics Editor A large increase in production by members of the Organization of Petroleum Exporting Countries boosted world oil production 2.8% in 1989. World flow rose 1.652 million b/d to an average 59.661 million b/d last year. Production is up 6.052 million b/d, or 11.3%, in the last 4 years. Production in 1989 was the highest since 59.715 million b/d in 1980. Non-Communist production rose 4.6% to 44.381 million b/d. This was also the highest level since 1980's 45.146

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Production Operations