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- W86968134 abstract "This paper reports that the Persian Gulf crisis and the faltering Soviet oil industry spawned a 2.8% dive in world oil production during first half 1991 compared with the same period a year ago. Total world flow averaged 59.781 million b/d, down 1.728 million b/d from first half 1990. First half Soviet production fell 1.13 million b/d from a year ago to 10.6 million b/d. Production among members of the Organization of Petroleum Exporting Countries in the first half averaged 22.927 million b/d, down 1.099 million b/d. Non-OPEC production averaged 36.854 million b/d, down from the 1990 first half average of 37.483 million b/d. OPEC's share of total world production fell to 38.4% for first half 1991 from 39.1% for first half last year. In 1979 OPEC production was 49.1% of total world production. OPEC's share dropped to 29.9% of the world total in 1985 and had been moving back up since then. OPEC set new production quotas totaling 22.31 million b/d, reflecting the curtailment of production from Kuwait and Iraq. Production in the first half of 1991 was 2.8% above quota." @default.
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- W86968134 date "1991-09-16" @default.
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- W86968134 title "Soviet woes, Middle East crisis cut first half world crude oil production" @default.
- W86968134 hasPublicationYear "1991" @default.
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