OPEC's Biggest Problem
Zero Hedge -

Authored by Nick Cunningham via OilPrice.com,

OPEC’s spare capacity is not what it once was, a development that opens up a larger upside risk to oil prices.

A constant feature of the oil market is the prospect of unforeseen supply outages, whether from war, industrial accidents, sabotage, natural disasters or more mundane operational problems.

These outages range from a mere nuisance to a major disruptive event, depending on size, scope and duration of the interruption.

OPEC has often...

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