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OPEC's shrinking capacity could send oil above $100

3 monthes ago   |   By RT

Oil market realizing many OPEC producers may not have the capacity to boost output much further
As the OPEC+ group unwinds its production cuts, the oil market has realized that not only do many producers in the pact lack the capacity to boost output further, but those who can pump more are reducing the global spare production capacity, thus exposing market balances to unexpected supply disruptions, and oil prices to further spikes. Most of the world's global spare capacity is currently held by OPEC's Middle Eastern members Saudi Arabia and the United Arab Emirates. Those two producers have...
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