Why we want OPEC raising production to max their capacity Great bull metric. DiY investors don't get it. Worried about OPEC production increase, get a financial advisor or research the data
Great article. OPEC spare capacity discussion/issue
For those who always hear spare capacity issues this is a great read. To better understand the reasoning behind a long-term bull market run. Follow the data.
Since the average investor doesn't complete heavy data driven macro research they may not understand.
For anyone long-term this is a critical data point.
Enjoy
"Rising oil demand to outpace OPEC supply growth, shrinking spare capacity cushion: IEA
HIGHLIGHTS OPEC to have just 2.4 mil b/d of idled capacity available by 2026
Neutral Zone to make Saudi Arabia capable of 12.25 mil b/d output
Fragile African OPEC members to see production declines
London The world's growing thirst for oil, combined with lackluster upstream investment, will require OPEC to pump close to maximum capacity in the coming years, leaving the market more vulnerable to supply squeezes and disruptions, according to the International Energy Agency.
Reference: https://www.spglobal.com/platts/en/market-insights/latest-news/oil/031721-rising-oil-demand-to-outpace-opec-supply-growth-shrinking-spare-capacity-cushion-iea