OPEC January output falls
555,000 b/d to 29.605-mil b/d: EIA
Platts
New York
Petroleumworld.com 02 09 06
OPEC's
crude output in January fell 555,000 b/d to 29.605-mil b/d due
to
civil unrest-related cuts from Nigeria and a large decrease from
Iraq, the US
Energy Information Administration said Tuesday.
OPEC's two
largest producers, Saudi Arabia and Iran, also saw output
reductions last month, the EIA said in its Short Term Energy Outlook
for
February.
EIA said
Nigeria's January production fell 250,000 b/d from December to
2.35-mil b/d. The country was hit by a pipeline explosion and
the kidnapping
of oil workers last month, with the unrest forcing Shell to cut
its production
by roughly 221,000 b/d.
Iraq, beset
by sabotage and weather-related delays, saw its output fall
150,000 b/d in January to 1.6-mil b/d.
Saudi production
fell 100,000 b/d to 9.4-mil b/d during the month, while
output from Iran slipped by 50,000 b/d to 3.9-mil b/d.
The so-called
OPEC-10, which does not include Iraq, produced 28.005-mil
b/d last month, down 405,000 b/d from December, said the EIA.
That means
OPEC-10 pumped just 5,000 b/d over its formal 28-mil b/d ceiling
in January,
according to the agency.
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Platts
02/08/06
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