Post Tagged with: "spare capacity"

Oil Supply Crunch to Test OPEC’s Spare Capacity

Oil Supply Crunch to Test OPEC’s Spare Capacity

From Reuters

LONDON (Reuters) – Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings …

Permian Seen Second to Saudis for Spare Oil-Output Capacity

Permian Seen Second to Saudis for Spare Oil-Output Capacity

From Bloomberg

Permian could boost crude output in days: Aramco’s former reservoir management chief

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according …

February 5, 2018 - 12:16 pm Closing Bell Story‎, Commodity Pricing, Energy News, OPEC