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By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World Edited By Laurent Belsie April 13, 1983

The world oil glut caused oil production of the Organization of Petroleum Exporting Countries to drop further. Petroleum Intelligence Weekly estimated OPEC averaged 14.5 million barrels daily in February - down 12.5 percent from January and about half what OPEC produced a few years ago.

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For the record (1)

By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World Edited By Laurent Belsie April 13, 1983

OPEC cut pushes oil prices up to 16-month high

Is Saudi Arabia serious about bringing back high oil prices?

In Gear OPEC's cheap oil strategy