RE:RE:RE:Snakes & LaddersLast part of quote: "
OPEC+ producers’ effective spare capacity by the second half of the year, excluding Iranian oil which is blocked by sanctions, could shrink to 2.6 million bpd" IEA is dreaming, 3 months ago on Oct 13, 2021, ex Aramco EVP said OPEC only has 2.5-3 mln bopd spare capacity:
https://www.youtube.com/watch?v=gywxD3-6Rek&t=16s Basically IEA thinks OPEC has double teh spare capacity they actually have.