The Swing Capacity
Increase 200,000 bpd = House of Saud is worried about swing capacity – it’s just under 2 billion bpd now. The 300,000 bpd increase in May/June was ignored. They just wasted another 200,000 bpd.
They can’t afford to keep sapping away at their ability to compensate for disruptions. Oil prices won’t go down, because of the excess capacity wall.
-Shlok
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