Deals / Business / OilPrice.com / oil prices / Oil Supply / oil capacity

Spare capacity is emerging as the biggest risk factor in oil

Posted On: Jul 12, 2018   |   Posted By: Business Insider

Spare capacity is emerging as the biggest risk factor in oil

REUTERS/Essam Al-Sudani
Trump is targeting more than 2 million barrels of Iranian oil.
This raises the question if there is enough supply capacity to make up for the shortfall.
Many believe the oil market will be in a surplus in the near future.
With around 2.5 million barrels per day of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply capacity to make up for the shortfall?
There is a great deal of debate about the true extent of the world's spare capacity. Or, more precisely, there are a range of guesses over how much surplus is located in Saudi Arabia, the one country that really has the ability to ramp up large volumes of supply on short notice. See the rest of the story at Business Insider NOW WATCH: Trump pitched peace to Kim Jong Un with this Hollywood-style video starring Kim as the leading man See Also: US oil sanctions could cause oil to surge by $50 a barrel GOLDMAN SACHS: The trade war won't stop oil prices from rising...

Continue reading ...

 






The last Posts from Business Insider



Welcome to Georgia

Welcome to Georgia

Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...

Farfetch prices its IPO at $20 a share

Farfetch prices its IPO at $20 a share

Ethel Jiang/Business Insider Farfetch priced shares at $20 apiece, above the $17-$19 range that was expected. The UK-based online luxury-goods retailer would raise $885 million... Read more ...

The firestorm at HSBC's investment bank is escalating as the bank hits back...

The firestorm at HSBC's investment bank is escalating as the bank hits back against internal dissent

REUTERS/Bobby Yip HSBC defends its investment banking practice after senior staff wrote a scathing memo to the bank's management by senior staff over recent weeks. In a... Read more ...

Indigo aircraft suffers tyre burst, makes emergency landing at Ahmedabad

Indigo aircraft suffers tyre burst, makes emergency landing at Ahmedabad

An IndiGo aircraft that was carrying 185 passengers made an emergency landing here Wednesday after suffering a tyre burst, according to an airport official. Read more ...

3 children and 3 adults wounded in early-morning knife attack at New York...

3 children and 3 adults wounded in early-morning knife attack at New York day care center

FOX 5 News Six people, including three children, are in New York hospitals with knife wounds, after an incident at a daycare in Queens at 3:40 a.m. on Friday morning. Police... Read more ...

Prince Harry got caught 'stealing' food at Meghan Markle's charity cookbook...

Prince Harry got caught 'stealing' food at Meghan Markle's charity cookbook launch, and he shot cameras a guilty smile

Ben Stansall / WPA Pool / Getty Images Meghan Markle , her mother, Doria Ragland , and Prince Harry attended a launch event for Markle's first solo charity endeavour since... Read more ...

10 things in tech you need to know today

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Exclusive: Instagram's new TV service recommended videos of potential child abuse. Instagram's new TV service... Read more ...

Delta flight makes emergency landing as smoke emanates from brakes

Delta flight makes emergency landing as smoke emanates from brakes

A Delta Airlines flight made an emergency landing Thursday morning at John F. Kennedy International Airport. Smoke could be seen coming from the brakes as it arrived. Delta... Read more ...

Hungary sees 227,000 Chinese tourists' arrival in 2017-2018 tourism season

Hungary sees 227,000 Chinese tourists' arrival in 2017-2018 tourism season

Tourism is adding more and more to Hungary's GDP, Péter Szijjártó, the foreign affairs and trade minister, said on the sidelines of the Dubrovnik ministerial conference on... Read more ...

Odisha Tourism attracts visitors at India Tourism Mart held in Delhi

Odisha Tourism attracts visitors at India Tourism Mart held in Delhi

Odisha Tourism, which is the hosting partner of Odisha Hockey Men's World Cup-Bhubaneswar this year, captivated the visitors at ‘India Tourism Mart' with its sports tourism... Read more ...

Brett Kavanaugh is underwater in a new NBC/Wall Street Journal poll as a...

Brett Kavanaugh is underwater in a new NBC/Wall Street Journal poll as a sexual assault claim hangs over his Supreme Court confirmation

Win McNamee/Getty Images Brett Kavanaugh has been losing steam among voters in recent days, according to a new NBC News/Wall Street Journal poll . The survey said 38% percent... Read more ...