Saudi arabia oil spare capacity
Saudi Arabia's Oil Productive Capacity – The Trade-Offs. By: Bassam Fattouh , Andreas Economou. In a series of recent speeches and interviews, a consistent message coming from Saudi Aramco is that 'future profit growth will be more from Saudi Arabia, the largest oil producer within OPEC and the world's largest oil exporter, historically has had the greatest spare capacity. Saudi Arabia has usually kept more than 1.5 - 2 million barrels per day of spare capacity on hand for market 1 Oct 2019 oil productive capacity, and how much spare capacity should be maintained. This decision is linked to key trade-offs. On the one hand, spare capacity should not be so small that Saudi Arabia loses control of the market on the