Insight

Political risk and spare productive capacity

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OPEC spare productive capacity is a crucial oil market indicator, showing how much production could be brought online if supply was curtailed by a political event or major outage. It is currently running at high levels due to OPEC+ production restraint which is having an impact on the market’s reaction to political risk. In this Insight, we explore OPEC spare capacity. Highlights include: • Latest assessment of OPEC spare productive capacity • We introduce an estimate of OPEC+ spare capacity • Updated political risk map • The impact of ample unused capacity on the market

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  • Political risk and spare productive capacity

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    Political Risk And Spare Productive Capacity July 2024.pdf

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