VOL. XLIII
No. 38
18-September-2000
OPEC
IEA Estimates OPEC Spare Capacity At 2.84Mn B/D
In its Monthly Oil Market Report for September, the International Energy Agency (IEA) provides a breakdown of spare crude oil production capacity within OPEC. The report says that OPECs sustainable production capacity (defined as output that can be maintained for six months) declined during 1998 and 1999 because of reduced upstream investment and that rising crude oil output this year has eaten into estimated...
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