OPEC - SUPPLY/DEMAND
IEA Estimates Spare Capacity At 900,000 B/D
The oil market is entering a period of heightened uncertainty with low stocks and limited spare production and shipping capacity, the International Energy Agency (IEA) warns. In its latest monthly Oil Market Report, published on 12 March, the IEA says this reduces flexibility and limits the systems ability to respond rapidly to unknown and changing circumstances. The report notes that global crude...