Reported 1 day ago
OPEC+ is cautiously managing oil supply amid weakening demand, but most members, except for Saudi Arabia, the UAE, and Iraq, are at maximum production capacity. This limits their ability to respond to potential supply shocks, such as geopolitical crises, raising concerns that oil prices could spike when a crisis strikes. Analysts indicate a mismatch between perceived spare capacity and reality, suggesting the market may be overestimating the availability of production capacity, which could have significant implications for oil prices.
Source: YAHOO