No 35



OPEC Must Raise Production Capacity More Than 2% Per Year, Says FACTS

OPEC will need to raise its oil production capacity by more than 2% a year in order to ensure the spare capacity essential to enable the organization to cope with supply shocks, according to the August report by FACTS, OPEC Production Capacity: The Current Situation and the Outlook for the Future. The report, written by Hassaan Vahidy, argues that capacity growth rate of...