IMG.gif
Opec-Plus

Tight Spare Capacity Puts Saudi Arabia Back in the Spotlight

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Oil,Field,In,Desert,,Oil,Production
  • Opec-plus’ spare capacity is back in the limelight as some members continue to undershoot their quotas.  

  • The notion that Opec-plus will continue adding 400,000 barrels per day every month this year, leaving little spare, is causing a price frenzy.

  • Saudi Arabia, as holder of the group's biggest slice of spare capacity, appears to be back in the driving seat.

The Issue

Topics:
Opec/Opec-Plus, Opec-Plus Supply , Oil Forecasts, Oil Prices
#
The sharp cut in flows via the Nord Stream pipeline last week raised concerns of Russia weaponizing its gas supply.
Thu, Jun 23, 2022
Political divisions between London and Edinburgh could hit confidence in the UK energy sector just as operators commit to large-scale upstream and transition spending.
Tue, Jun 28, 2022
Opec-plus is nearing decision time as its two-year-old production deal winds to a close — but markets will have to wait a while longer.
Thu, Jun 23, 2022