WORLD OIL FLOW STEADY IN 1992; STABLE MARKET AHEAD FOR 1993

Robert J. Beck Economics Editor World crude oil production in 1992 was virtually unchanged from 1991. Production last year averaged 59.96 million b/d, up only 17,000 b/d from 1991. Substantial production declines in the C.I.S. and U.S. were offset by increases among members of the Organization of Petroleum Exporting Countries and a number of other countries outside the OPEC sphere (see table, p. 32).

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