ENERGY DOC *NEW REVISED VERSION* Episode 2: Origins of the mid-2020s Oil & Gas Supply Crisis
Macro Voices
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OPEC Doesn't Have the Spare Capacity to Increase Production
Most OPEC member countries are producing as fast as they can, and have no spare capacity. Saudi Arabia has at most 1 million barrels per day of spare capacity beyond current production levels. Both commercial and strategic petroleum inventory levels are now at generational lows around the globe.
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