Insight
OPEC+ spare capacity: time for a check
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Report summary
In this Insight we provide our latest assessment of OPEC+ spare productive capacity. The estimate includes spare capacity for the nine non-OPEC producers that have been in partnership with OPEC since December 2016 and includes readily available capacity and that which is constrained by such factors as sanctions. This crucial supply cushion is narrowing at a time of several geopolitical risks.
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