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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...

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