Opec-Plus

Tight Spare Capacity Puts Saudi Arabia Back in the Spotlight

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Oil,Field,In,Desert,,Oil,Production
Shutterstock
  • 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
Wanda Ad #2 (article footer)
#
Energy security concerns are preserving a role for gas — but also propelling efforts to diversify clean-energy supply chains.
Thu, May 25, 2023
Energy Intelligence examines some of the energy flashpoints of the crucial bipartisan compromise legislation — although its passage is no sure thing.
Tue, May 30, 2023
A warning that short sellers of crude oil need to "watch out" should not be read as a sign that more production cuts are on the agenda for a Jun. 4 meeting.
Fri, May 26, 2023