SOVIET OIL PRODUCTION SLIPS TO LESS THAN 12 MILLION B/D
Soviet oil production has fallen to its lowest level in 11 years. Official figures show the U.S.S.R.'s crude and condensate flow averaged only about 11.5 million b/d during May. The last previous month in which Soviet oil production dropped that low was in May 1979. Prospects are that the U.S.S.R. will average less than 11.7 million b/d during first half 1990. That is down from 12.261 million b/d in the first 6 months of last year and 12.514 million b/d in the comparable 1988 period.