Search results
OPEC+ spare crude production capacity and implied total oil stock build, 2016-2030 - Chart and data by the International Energy Agency.
8 paź 2024 · EIA defines spare capacity as the volume of production that can be brought on within 30 days and sustained for at least 90 days. Saudi Arabia, the largest oil producer within OPEC and the world's largest oil exporter, historically has had the greatest spare capacity.
15 paź 2024 · World oil demand is on track to expand by just shy of 900 kb/d in 2024 and close to 1 mb/d in 2025, marking a sharp slowdown on the roughly 2 mb/d seen over the 2022-2023 post-pandemic period. China underpins the deceleration in growth, accounting for around 20% of global gains both this year and next year, compared to almost 70% in 2023.
13 mar 2021 · We discuss the extent to which OPEC’s management of its spare capacity reduced the volatility of the price of oil and estimate the implied value of OPEC’s spare capacity for the world’s economy.
We are now extending our annual crude oil surplus capacity estimates for current OPEC members back to 1970, and we have also added estimates for non-OPEC countries (including both former members of OPEC as well as non-OPEC countries).
11 lut 2024 · The level of spare capacity - or the perception of how much is available - can influence world oil prices.
14 kwi 2011 · The following chart from EIA shows the surplus crude oil production capacity of OPEC nations, which is effectively the spare capacity of the entire world (since other major producers are operating nearly at full capacity):
